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Ahat [919]
3 years ago
6

The following information is available for the year ended December 31: Beginning raw materials inventory $ 3,900 Raw materials p

urchases 5,400 Ending raw materials inventory 4,400 Office supplies expense 2,400 The amount of raw materials used in production for the year is:
Business
1 answer:
love history [14]3 years ago
8 0

Answer:

Direct material used= $4,900

Explanation:

Giving the following information:

Beginning raw materials inventory $ 3,900

Raw materials purchases 5,400

Ending raw materials inventory 4,400

<u>To calculate the direct material used, we need to use the following formula:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 3.900 + 5,400 - 4,400

Direct material used= $4,900

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A vice president of operations wants to evaluate the impact of reducing manufacturing expenses on the firm's return on assets. W
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Option B. Net Profit Margin

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Answer:

Please see explanation below

Explanation:

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8. Paid $75 motor vehicle license fee on the new truck. - Debit licensing fees $75, credit cash expenses $75.

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