Question

Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Inventories: Balance, November 1 Balance, November 30 Raw Materials $7,000 $4,000 Work in Process $6,000 $7,500 Finished Goods $10,000 $12,000 Question 9 options: A) $27,000 B) $29,500 C) $31,500 D) $33,000

Answer 1

Answer:

D) $33,000

Explanation:

The computation of the amount of raw material used is given below:

= Purchase amount + balance amount of November 1 - balance amount of November 3

= $30,000 + $7,000- $4,000

= $33,000

Hence, the correct option is d.

The same should be considered