Materials purchases for the month were $2,000. The Materials Inventory account had a beginning balance of $250. Direct Materials used were $1,900, and Indirect Materials used were $300.
What is the correct ending balance for the Materials Inventory account?

Question

Materials purchases for the month were $2,000. The Materials Inventory account had a beginning balance of $250. Direct Materials used were $1,900, and Indirect Materials used were $300. 
What is the correct ending balance for the Materials Inventory account?

Quizplus · Accepted Answer

The Answer of Materials purchases for the month were $2,000. The Materials Inventory account had a beginning balance of $250. Direct Materials used were $1,900, and Indirect Materials used were $300. 
What is the correct ending balance for the Materials Inventory account?

Materials Purchases for the Month Were $2,000