Kensow Corporation used $20,500 of raw materials in production in the month of August. Raw materials...
Kensow Corporation used $20,500 of raw materials in production
in the month of August.
Raw materials inventory was $2,400 on August 1st and $3,800 on
August 31st.
What was the cost of raw materials that were purchased in the month
of August? $
Homework Answers
Raw Material consumed = Opening Inventory + Purchases - Closing Inventory
Amt in $ ==>
20,500 = 2400 + x - 3800
x = 20500+3800-2400
x= Purchases = 21900
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