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Compute the amount of direct materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows. Inventories Balance Aug. 1 Balance Aug. 31 Raw Material $5,000 $3,000 Work-in-Process 13,000 16,000 Finished Goods 25,000 27,000 a. $27,000 b. $19,000 c. $16,000 d. $23,000

Compute the amount of direct materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows. Inventories Balance Aug. 1 Balance Aug. 31 Raw Material $5,000 $3,000 Work-in-Process 13,000 16,000 Finished Goods 25,000 27,000 a. $27,000 b. $19,000 c. $16,000 d. $23,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the amount of direct materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows. Inventories Balance Aug. 1 Balance Aug. 31 Raw Material $5,000 $3,000 Work-in-Process 13,000 16,000 Finished Goods 25,000 27,000 a. $27,000 b. $19,000 c. $16,000 d. $23,000
Transcribed Image Text:Compute the amount of direct materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows. Inventories Balance Aug. 1 Balance Aug. 31 Raw Material $5,000 $3,000 Work-in-Process 13,000 16,000 Finished Goods 25,000 27,000 a. $27,000 b. $19,000 c. $16,000 d. $23,000
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