For raw materials, if:
• beginning inventory is $45,000
• ending inventory is $32,000
• usage is $66,000
Purchases for the period were:
a. $79,000.
b. cannot be determined from information given.
c. $11,000
Selected: d. $53,000.This answer is correct.
Correct! Beginning inventory + purchases – ending = usage
45000 + x – 32000 = 66000; x = 53000