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Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current...

Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year:

Beginning Raw Materials = $94,000
Ending Raw Materials = $78,000
April Purchases = $62,000
May Purchases = $45,000
June Purchases = $58,000

What was the amount of Raw Materials used during this quarter?
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Dear Student Please find... View the full answer

Accounting-8226171.xls

SOLUTION:
Raw Material Used = Beginning Raw Materials + Total Purchases - Ending Raw Materials
Raw Material Used = $94,000 + ($62,000 + $45,000 + $58,000) - $78,000
Raw Material Used $181,000.00

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