Materials purchases for the month were $26,000. The Materials Inventory account had a beginning balance of $1,250. Direct Materials used were $23,700, and Indirect Materials used were $2,360.
What is the correct ending balance for the Materials Inventory account?

Question

Materials purchases for the month were $26,000. The Materials Inventory account had a beginning balance of $1,250. Direct Materials used were $23,700, and Indirect Materials used were $2,360. 
What is the correct ending balance for the Materials Inventory account?

Quizplus · Accepted Answer

The Answer of Materials purchases for the month were $26,000. The Materials Inventory account had a beginning balance of $1,250. Direct Materials used were $23,700, and Indirect Materials used were $2,360. 
What is the correct ending balance for the Materials Inventory account?

Materials Purchases for the Month Were $26,000