Homework Answers
Solution: Let say, raw materials used in the process = 100x
so, beginning inventory of raw mat. = 100x*20% = 20x
We know that ;
Raw materials used in production = Beg. raw mat. inventory + raw mat. purchases - End. raw mat. inventory
On putting value :
100x = 20x + $23,640 - $13,200
80x = $10,440
So, x = $10,440 / 80
x = $130.5
Thus, cost of materials used in production = 100x
= 100*$130.5 = $13,050
Hence, option C. $13,050 is the correct answer.
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