If the ending raw materials inventory balance is $170 and there were $600 of net purchases...
If the ending raw materials inventory balance is $170 and there were $600 of net purchases and $500 of materials were placed in production, what is the beginning raw materials inventory balance?
Homework Answers
Units placed in production = Beg inventory + Net purchases - End inventory
500 = Beg inventory + 600 - 170
Beg inventory = 500 - 600 + 170
= 70 units
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