Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 3O 2$ 7,000 24 4,000 Raw materials Work in process $4 6,000 7,500 Finished goods $4 10,000 $4 12,000 $29,500 $27,000 $31,500 $33,000 %24

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Compute the amount of raw materials used during November if $30,000 of raw materials were
purchased during the month and if the inventories were as follows:
Balance
Balance
Inventories
November 1
November 30
7,000
4,000
Raw materials
Work in process
6,000
7,500
10,000
12,000
Finished goods
O $29,500
O $27,000
O $31,500
O $33,000
%24
%24
%24
%24
%24
%24
Transcribed Image Text:Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Balance Balance Inventories November 1 November 30 7,000 4,000 Raw materials Work in process 6,000 7,500 10,000 12,000 Finished goods O $29,500 O $27,000 O $31,500 O $33,000 %24 %24 %24 %24 %24 %24
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