Question

What is the End of Month inventory total if the Beginning of Month inventory = 500, 400 board feet was received, 100 board feet was used, and 50 board feet of scrap/waste was used?
1050
750
800
250

Answer 1

To calculate the End of Month inventory total, you can use the following formula:

\[
\text{End of Month Inventory} = \text{Beginning of Month Inventory} + \text{Received Inventory} - \text{Used Inventory} - \text{Scrap/Waste}
\]

Plugging in the values you provided:

- Beginning of Month inventory = 500 board feet
- Inventory received = 400 board feet
- Inventory used = 100 board feet
- Scrap/Waste = 50 board feet

Now we can do the calculation step by step:

1. **Start with the Beginning Inventory**:
\[
500 \text{ board feet}
\]

2. **Add the Received Inventory**:
\[
500 + 400 = 900 \text{ board feet}
\]

3. **Subtract the Used Inventory**:
\[
900 - 100 = 800 \text{ board feet}
\]

4. **Subtract the Scrap/Waste**:
\[
800 - 50 = 750 \text{ board feet}
\]

So, the End of Month inventory total is **750 board feet**.

Therefore, the correct answer is **750**.