So after the increasing of inventory balance, $52,000 is the raw material used in production.
Inventory Balance denotes the monetary amount of the Inventory as of the measurement date, based on the Seller's or one or more of its Affiliates' standard costs as described above for the purposes of such measurement.
The total cost of all component parts that are currently in stock but have not yet been employed in the manufacturing of work-in-process or finished goods is known as raw materials inventory. There are two types of raw materials, and they are as follows: direct resources These are components that are used in the finished item.
The simplest method for determining average raw material inventory is to add the beginning and ending inventory values, then divide the result by two.
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