If you are talking about product or raw material purchases, then I think they would go into inventory. Whatever amount you did use up in production would into direct materials. So you will need beg inventory plus purchases less ending balance to figure out the dollar value used from inventory during that period.
What if I dont have the sales revenue? All I have is the units produced and the selling price.
Is there a beneficial way to manufacture spend in business, much like credit card
Could you help me with my Management Acc Assignment
What happens to the purchases I made during the period. Where does it go to. I didn’t use them in production. Maybe some but not all.
I think it goes to the direct materials part
If you are talking about product or raw material purchases, then I think they would go into inventory. Whatever amount you did use up in production would into direct materials. So you will need beg inventory plus purchases less ending balance to figure out the dollar value used from inventory during that period.