The raw materials purchased during May totaled:

A) $58,500
B) $67,500
C) $54,000
D) $63,000

Question

The raw materials purchased during May totaled:A) $58,500B) $67,500C) $54,000D) $63,000

daniela yanes · Accepted Answer

Final Answer : D, Explanation :  The total raw materials purchased amount to $63,000. Raw materials used in production = Beginning raw materials inventory + Purchases of raw materials - Ending raw materials inventory$58,500 = $25,500 + Purchases of raw materials - $30,000Purchases of raw materials = $58,500 - $25,500 + $30,000 = $63,000

The raw materials purchased during May totaled:

A) $58,500
B) $67,500
C) $54,000
D) $63,000

Definitions

Learning Objectives

Learning Objectives

Related questions