Marley Company manufactures tables.If raw material used was $80,000 and Raw Material Inventory at the beginning and end of the period,respectively,was $17,000 and $21,000,what was amount of raw material was purchased?
A)$76,000
B)$118,000
C)$84,000
D)$101,000

Question

Quizplus · Accepted Answer

Raw material purchased = Raw material used + Ending raw material inventory - Beginning raw material inventory
Raw material purchased = $80,000 + $21,000 - $17,000
Raw material purchased = $84,000
Therefore, the amount of raw material purchased was $84,000. Option C is the correct answer.

Marley Company Manufactures Tables