Question
Stewart Manufacturing has the following information regarding its Raw Materials Inventory account: Direct materials used during the month $200,000 Beginning balance Raw Materials Inventory $40,000
Stewart Manufacturing has the following information regarding its Raw Materials Inventory account:
| Direct materials used during the month | $200,000 |
| Beginning balance Raw Materials Inventory | $40,000 |
| Ending balance Raw Materials Inventory | $57,500 |
What is the cost of materials purchased by Stewart Manufacturing during the month?
(a) $255,300
(b) $182,500
(c) $370,300
(d) $145,300
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Mastering Accounting Skills
Authors: Margaret Nicholson
3rd Edition
1403992703, 978-1403992703
