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Compute the amount of raw materials used during August if $22,000 of raw materials were purchased during the month and the inventories were as follows:
Compute the amount of raw materials used during August if $22,000 of raw materials were purchased during the month and the inventories were as follows: |
Inventories | Balance August 1 | Balance August 31 |
Raw materials | $2,900 | $4,000 |
Work in process | $12,000 | $15,000 |
Finished goods | $19,000 | $11,000 |
$28,900
$19,000
$15,000
$20,900
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