Duke Company had the following data available: $\begin{array}{ll}
\text { Direct materials purchased on account } & \$ 74,000 \
\text { Direct materi al s requisitioned } & \$ 44,000 \
\text { Payment for direct materials } & \$ 70,000
\end{array}$ Direct materials inventory increased by _____.
A)$70,000
B)$41,000
C)$30,000
D)$74,000

Question

Quizplus · Accepted Answer

The increase in direct materials inventory is calculated as the difference between the materials purchased and the materials requisitioned: $74,000 - $44,000 = $30,000.

Duke Company Had the Following Data Available Direct Materials Inventory Increased by _____