The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending
Raw materials inventory $ 57,000 $60,000
Finished goods 68,000 60,000
The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to:
A) $107,000.
B) $115,000.
C) $118,000.
D) $121,000.
E) $126,000.

Question

Quizplus · Accepted Answer

The raw materials used in manufacturing during the year is the difference between the beginning and ending raw materials inventory, which is $60,000 - $57,000 = $3,000. Therefore, the total raw materials purchased during the year is $118,000 + $3,000 = $121,000, making choice D the correct answer.

The Following Information Relates to the Manufacturing Operations of the JNR