Compute the amount of raw materials used during August if $2…
Compute the amount of raw materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance, August 31 Raw Materials $5,000 $3,000 Work-in-process $13,000 $16,000 Finished Goods $25,000 $27,000