Question

Crestwood Paint Supply had a beginning inventory of 10 cans of paint at $25.00 per can. They purchased 20 cans during the month at $30.00 per can. They had an ending inventory valued at $500. How much paint in dollars was used for the month? A. $250 B. $1,350 C. $850 D. $350

Answer 1

Beginning inventory
10×25=$250
Purchase
20×30=$600

So
Beginning inventory 250
Add purchase 600
Less ending inventory 500
Material used. 350

The answer is 350