Solved

If the Beginning Balance in the Raw Materials Inventory Account

Question 97

Multiple Choice

If the beginning balance in the Raw Materials Inventory account for the month was $25,000, the ending balance of $22,000 and material used during the month was $130,000, what is the amount of materials purchased during the month?


A) $177,000
B) $130,000
C) $127,000
D) $133,000

Correct Answer:

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