Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: 
Definitions:
Current Asset
An asset on the company's balance sheet that is expected to be sold, consumed, or converted into cash within one year or during the normal operating cycle of the business.
Patents
Legal rights granted to inventors that prevent others from making, using, or selling an invention for a certain period of time.
Marketable Securities
Financial instruments that can be easily converted into cash because they have high liquidity and short maturities.
Financial Leverage
Employing the use of debt to boost the prospective profits of an investment, which in turn escalates the risk of experiencing a loss.
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