The Hemingway Company uses a job order costing system. In April, material requisitions of $44,000 were issued (direct materials, $40,000) and materials purchases of both direct and indirect materials totaled $56,600. The ending balance in materials inventory was $18,400. What was the beginning raw materials balance?
A) $5,800
B) $31,000
C) $25,600
D) $22,400

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The Answer of The Hemingway Company uses a job order costing system. In April, material requisitions of $44,000 were issued (direct materials, $40,000) and materials purchases of both direct and indirect materials totaled $56,600. The ending balance in materials inventory was $18,400. What was the beginning raw materials balance?
A) $5,800
B) $31,000
C) $25,600
D) $22,400

The Hemingway Company Uses a Job Order Costing System