Gammil Company has beginning and ending raw materials inventories - 14600

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yousafbhutta

yousafbhutta

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  • From: Business,
  • Posted on: Sat 27 Oct, 2012
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Request Description

 

Gammil Company has beginning and ending raw materials inventories of $128,000 and $160,000, respectively. If direct materials used were $520,000, what was the cost of raw materials purchased?

 

$488,000

 

 

$560,000

 

 

$552,000

 

 

$520,000

Solution Description

 

Gammil Company has beginning and ending raw materials inventories of $128,000 and $160,000, respectively. If direct materials used were $520,000, what was the cost of raw materials purchased?