contestada

Andrew Industries purchased $160,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $21,000, and the materials used to complete jobs during the month were $136,500 of direct materials and $12,500 of indirect materials. What is the ending Raw Materials Inventory balance for March

Respuesta :

The Ending Raw Materials Inventory for Andrew Industries will be:

32,000

HOW TO CALCULATE ENDING RAW MATERIALS?

We will use the Inventory identifier formula to solve for ending inventory

Beginning Inventory + Purchase = Ending Inventory + Used.

⇒21,000 + 160,000 = Ending  Inventory + Used.

Used materials

Direct Used Materials = 136,500

Indirect Used Materials = 12,500

Total Used Materials = 149,000

Now we know,

21,000 + 160,000 = Ending  Inventory + 149,000

⇒ 181,000 - 149,000 =  32,000

Therefore, Ending Inventory = $32,000.

To learn more about inventories, click the links.

https://brainly.com/question/12967720

https://brainly.com/question/21322922

#SPJ4

Otras preguntas