At the beginning of the month, AGN manufacturing had the following information a

Question

At the beginning of the month, AGN manufacturing had the following information available for the month of September.

                                                      Beginning             Ending

Raw materials inventory              $25,000             $32,000

Work in process inventory            60,000               85,000

Finished goods inventory             10,000                 2,000

During the month of September the company purchased $120,000 of raw materials. How much raw materials was used in September?

Explanation / Answer

Raw material used or consumed = Opening Inventory + purchase - Closing inventory

= $25000 + 120000 - 32000

= 113000

Thus raw material used during september = $113000

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.