Compute the Amount of Direct Materials Used During August If

question 59

Multiple Choice

Compute the amount of direct materials used during August if £25,000 of raw materials were purchased during the month and the inventories were as follows:
$\begin{array}{lrr}&\text { Balance }& \text { Balance}\\ \text { inventories } & \text {August 1 } & \text { Agust 31 } &\\ \text {Raw materials. } &£ 5,000 &£ 3,000\\ \text { Work in process.} &13,000&16,000\\ \text { Finished goods } &25,000& 27,000 \\\end{array}$

• A)£16,000
• B)£19,000
• C)£23,000
• D)£27,000

Identify the impact of non-cash transactions on the statement of cash flows.

Understand the direct and indirect methods for calculating cash flows from operating activities.

Analyze changes in balance sheet accounts to determine their impact on cash flows.

Distinguish between cash flows from operating activities and other adjustments.

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