Respuesta :
The correct answer is $5,800
Beginning raw materials inventory $10,000
Add: Purchase of raw materials $38,000
$48,000
Less: Ending raw materials inventory $14,000
The raw material used $34,000
Less: Direct materials used in production $28,200
Indirect materials used in production $5,800
Stock is an asset because a corporation invests money in it that it then converts into sales when it sells the inventory. Stock that doesn't promote as quickly as anticipated may emerge as a legal responsibility.
Inventory turns into a price when the product is offered. As soon as a purchaser offers you cash in alternate for that item, it actions from the class of an “asset” to end up a “fee” on your income announcement.
Yes. At the quit of the year, your commercial enterprise can be taxed on your profits, which your stock circuitously impacts as it will decrease your income. This may then reduce your taxable earnings. Your profits are your total sales minus the fee of goods offered (COGS).
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