Question

Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40,000 What is the amount of raw materials used

Answer 1

$55,000

Step-by-step explanation:

Data provided in the question

Beginning raw material inventory = $30,000

Material purchased = $65,000

Ending raw material inventory = $40,000

So, by considering the above information

The amount of raw material used is

= Beginning raw material inventory + material purchased - ending raw material inventory

= $30,000 + $65,000 - $40,000

= $55,000