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AfilCa [17]
3 years ago
10

As of the end of the year, Juliette Industries had $25,000 of raw materials inventory. At the beginning of the year, there was $

200,000 of materials on hand. During the year, the company purchased $575,000 of materials. How much inventory was requisitioned for use on jobs during the year?
Business
1 answer:
Ivahew [28]3 years ago
3 0

Answer:

Direct materials used= $750,000

Explanation:

Giving the following information:

Juliette Industries had $25,000 of raw materials inventory (ending). At the beginning of the year, there was $200,000 of materials on hand. During the year, the company purchased $575,000 of materials.

Direct materials used= beginning inventory + purchases - ending inventory

Direct materials used= 200000 + 575000 - 25000= $750,000

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