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27 August, 16:58

Compute the amount of raw materials used during August if $30,000 of raw materials were purchased during the month and the inventories were as follows:

Inventories Balance August 1 Balance August 31

Raw materials $3,500 $3,600

Work in process $12,000 $10,000

Finished goods $18,000 $16,000

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  1. 27 August, 19:24
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    Raw Materials used in production during the month of August equals $29,900

    Explanation:

    Beginning Raw Materials Inventory (August 1) $3,500

    Add: Raw Materials Purchased during

    the month of August $30,000

    Raw Materials available for use in production $33,500

    Less: Ending Raw Materials Inventory (August 31) $ (3,600)

    Raw Materials Used in production

    during the month of August $29,900
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