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Compute the amount of raw materials used during August if $26,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance August 31 Raw materials $1,600 $2,100 Work in process $8,000 $12,000 Finished goods $32,000 $16,000 a. $14,100 b. $25,500 c. $12,000 d. $29,700

Compute the amount of raw materials used during August if $26,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance August 31 Raw materials $1,600 $2,100 Work in process $8,000 $12,000 Finished goods $32,000 $16,000 a. $14,100 b. $25,500 c. $12,000 d. $29,700

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 raw materials used during August if $26,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance August 31 Raw materials $1,600 $2,100 Work in process $8,000 $12,000 Finished goods $32,000 $16,000 a. $14,100 b. $25,500 c. $12,000 d. $29,700
Transcribed Image Text:Compute the amount of raw materials used during August if $26,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance August 31 Raw materials $1,600 $2,100 Work in process $8,000 $12,000 Finished goods $32,000 $16,000 a. $14,100 b. $25,500 c. $12,000 d. $29,700
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