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22 August, 08:06

Beginning raw materials inventory was $32,000. During the month, $276,000 of raw material was purchased. A count at the end of the month revealed that $28,000 of raw material was still present. What is the cost of direct material used? a. $276,000b. $272,000c. $280,000d. $2,000

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  1. 22 August, 11:53
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    c. $280,000

    Explanation:

    The computation of the cost of the direct material used is shown below:

    = Beginning raw material inventory + Purchase of raw material - ending raw material inventory

    = $32,000 + $276,000 - $28,000

    = $280,000

    Beginning raw material inventory + Purchase of raw material is also called the available raw material for production use

    Hence, all other options are incorrect except C. option
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Home » Business » Beginning raw materials inventory was $32,000. During the month, $276,000 of raw material was purchased. A count at the end of the month revealed that $28,000 of raw material was still present. What is the cost of direct material used? a. $276,000b.
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