Compute the amount of raw materials used during August if Rs.700,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance August 31 Raw Materials 25,000 30,000 Work in Process 13,000 16,000 Finished Goods 25,000 27,000

Compute the amount of raw materials used during August if Rs.700,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance August 31 Raw Materials 25,000 30,000 Work in Process 13,000 16,000 Finished Goods 25,000 27,000

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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Question

question 2
Compute the amount of raw materials used during August if Rs.700,000 of raw materials were purchased during the month and the inventories were as follows:

Inventories

Balance

August 1

Balance

August 31

Raw Materials

25,000

30,000

Work in Process

13,000

16,000

Finished Goods

25,000

27,000

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