Homework Answers
Beginning raw materials inventory= $64,000
Ending raw materials inventory= $80,000
Direct materials used = $290,000
Cost of raw materials purchased = ?
Direct materials used = Beginning raw materials inventory+ Cost of raw materials purchased - Ending raw materials inventory
290,000= 64,000+Cost of raw materials purchased -80,000
Cost of raw materials purchased = 290,000+80,000-64,000
= $306,000
The cost of raw materials purchased = $306,000
Correct option is a.
Kindly comment if you need further assistance. Thanks‼!
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