On the costs of goods manufactured schedule, the item raw materials inventory (ending) appears as a (n) subtraction from raw materials purchases. subtraction from raw materials available for use. addition to raw materials purchases. addition to raw materials available for use.

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Business

Kailee Johns

24 July, 19:05

On the costs of goods manufactured schedule, the item raw materials inventory (ending) appears as a (n) subtraction from raw materials purchases. subtraction from raw materials available for use. addition to raw materials purchases. addition to raw materials available for use.

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Harper Braun · Answer 1

subtraction from raw materials available for use

Explanation:

As we know that

= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory

Therefore from the above formula we can conclude that the ending inventory should be deducted from the total manufacturing cost including the beginning work in process inventory