Question 1
Randy's Garden Supply Manufacturing Company had $105,000 in Raw Materials Inventory at the beginning of the month. During the month Randy used $920,000 and had $120,000 remaining in inventory at the end of the month. How much inventory did Randy purchase during the month?
◦ $935,000
◦ $905,000
◦ $815,000
◦ $920,000
Question 2
Mounce's Chocolate Delight's bakery had $2,000 of raw materials in inventory at the beginning of the month. During the month Mounce used $45,000 of materials and had $1,500 in ending inventory. How much inventory did the bakery purchase during the month?
◦ $45,000
◦ $48,500
◦ $45,500
◦ $44,500