From the following balances, calculate the cost of raw material used: Raw materials inventory, January 1 ................$

Question:

From the following balances, calculate the cost of raw material used:
Raw materials inventory, January 1 ................$ 70,000
Raw materials inventory, December 31 ..............91,000
Purchases of raw materials ...........................820,000
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: