Compute the amount of raw materials used during November if $33,500 of raw materials were purchased during the month and if the inventories were as follows: Inventories Balance November 1 Balance November 30 Raw materials $ 8,400 $ 4,700 Work in process $ 6,700 $ 8,200 Finished goods $ 10,700 $ 12,700

Respuesta :

Answer:

Raw material used = $37,200

Explanation:

Raw material used = Beginning raw material inventory + raw material purchase - ending raw material inventory  

= ($8,400 + $33,500 - $4,700)

Raw material used = $37,200