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Grant, Inc. had beginning and ending raw materials inventory of $80,000 and $100,000, respectively. If the cost of raw materials purchased was $407,500, what was the amount of direct materials used

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Based on the beginning and ending raw materials inventory and the cost of raw materials, the amount of direct materials used was $387,000.

What was the amount of direct materials used?

This can be found by the formula:
= Beginning raw materials + Purchases of new raw materials - Ending raw materials

Solving gives:

= 80,000 + 407,500 - 100,000

= $387,000

Find out more on direct materials at https://brainly.com/question/26371619

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