Raw material consumption in percent

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OFFICE ADMINISTRATOR
25 Points Posted on 18 January 2022

We are caluculating raw material consumption by opening stock + purchase - closing stock but how to conver it into percentage?

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On 18 January 2022 at 10:07 Report
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This discussion explains how to calculate raw material consumption as a percentage. The method involves taking the opening stock plus purchases, minus the closing stock, to find the total consumption. This figure is then divided by the amount of finished goods produced during the period and multiplied by 100 to express it as a percentage.

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CA
10436 Points Posted on 18 January 2022
Divide it by amount of finished goods produced during the year.
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On 18 January 2022 at 11:02
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OFFICE ADMINISTRATOR
25 Points Posted on 18 January 2022

So we have to calculate the cost of goods consumed divided by finished goods of end of the month into 100?

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On 18 January 2022 at 11:22
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CA
10436 Points Posted on 18 January 2022
Yes...
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On 18 January 2022 at 11:22
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OFFICE ADMINISTRATOR
25 Points Posted on 18 January 2022

Thank you so much sir

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On 18 January 2022 at 11:24
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CA
10436 Points Posted on 18 January 2022
Welcome 😃
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On 18 January 2022 at 11:26

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