Garcia company reports beginning raw materials inventory of \( \$ 873 \) and ending raw materials inventory of \( \$ 735 \). If the company purchased \( \$ 3,457 \) of raw materials during the month, what is the amount of materials used during the month? Note: Assume all raw materials were used as direct materials. Raw materials used
Solución de inteligencia artificial de Upstudy
Responder
Solución

¡Inicia sesión para desbloquear respuestas gratis!
Una plataforma de aprendizaje en la que confían millones de estudiantes y profesores reales.

Respondido por UpStudy AI y revisado por un tutor profesional
Bonus Knowledge
To find the amount of raw materials used during the month, you can use the formula: \[ \text{Raw Materials Used} = \text{Beginning Inventory} + \text{Purchases} - \text{Ending Inventory} \] Substituting the values: \[ \text{Raw Materials Used} = \$873 + \$3,457 - \$735 = \$3,595 \] So, the amount of raw materials used during the month is **$3,595**. If you’re ever stuck on inventory calculations, remember to keep an eye on the direction of the changes: beginning points to what you had at the start, purchases add to it, and ending inventory is what’s left. A common mistake is flipping the subtraction order, which leads to incorrect totals!
