Question

A company begins the quarter with $50 in supplies. They purchase an additional $100 of supplies. At the end of the quarter, they have $25 of supplies left. How much in supplies did the company use during the quarter

Answer 1

The company used $125 supplies  during the quarter.

The quantity of goods or service that a company has to offer its customers at any one time is defined as supply. For a real, brick-and-mortar store, this refers to the inventory that a company has on its premises and in warehouses that it may sell to clients.

Supplies and business services are temporary commodities and services that aid in the development or management of the completed product.

The supplies used during the quarter is computed below:

Particulars                        Amount

Beginning supplies                    $50

Purchases                            $100

Total supplies available    $150

Less: Ending supplies            $25

Supplies during the quarter    $125

Therefore, the supplies during the quarter is $125.

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