Raw materials purchased were $45,000, the beginning balance was $10,000. Ending inventory was $12,000 and indirect...
Raw materials purchased were $45,000, the beginning balance was $10,000. Ending inventory was $12,000 and indirect materials used were $25,000. The amount of raw materials used was: (Explain and show work)
a. $28,000.
b. $30,000.
c. $43,000.
d. $53,000.
Homework Answers
Calculate raw material used
| Beginning balance | 10000 |
| Raw material purchase | 45000 |
| Raw material available | 55000 |
| Less: Ending balance | -12000 |
| Raw material used | 43000 |
So answer is c) $43000
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