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How do you calculate the cost of raw materials ... - SS2 Accounting Computation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed & Prime Cost of Production Question

How do you calculate the cost of raw materials available for use?

A

Beginning Raw Materials Inventory - Raw Materials Purchased or Produced During the Period

B

Beginning Raw Materials Inventory + Raw Materials Purchased or Produced During the Period

C

Ending Raw Materials Inventory - Raw Materials Purchased or Produced During the Period

D

Ending Raw Materials Inventory + Raw Materials Purchased or Produced During the Period

correct option: b
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