The business started the year with $2,000 worth of raw materials. They bought $10,000 worth...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The business started the year with $2,000 worth of raw materials. They bought $10,000 worth of inventory during the year. A stock-take at the end of the year shows that they have $5,000 worth of raw materials. How much raw materials was used in production?
A.$9,000
B.$13,000
C.$19,000
D.None of the listed choices are correct
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!