The closing balance of the Raw materials inventory account for may was 27,500. the opening balance...
The closing balance of the Raw materials inventory account for may was 27,500. the opening balance for may was 28,750 and 128,900 of raw materials were used during the month. The materials purchased during the month cost:
a. 131,300
b. 127,650
c. 130,150
d. 157,650
Homework Answers
raw materials Used=Beginning raw materials inventory+Raw materials purchased-Ending raw materials inventory
128900=28750+Raw materials purchased-27500
Raw materials purchased=128900+27500-28750
=127650
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