1 answer

Beginning raw materials inventory $290 Direct materials used $470 Purchases of direct materials $420 Direct labor...

Question:

Beginning raw materials inventory

$290

Direct materials used

$470

Purchases of direct materials

$420

Direct labor

$460

Manufacturing overhead

$650

What was the ending raw materials inventory?

A.

$890

B.

$780

C.

$240

D.

$470


Answers

Answer: C. $240

Ending raw materials inventory =$240

Working notes for the above answer is as under

Beginning raw materials inventory

290

Purchases of direct materials

420

Less:

Direct materials used

470

ending inventory

240

.

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