What is the ending Raw Materials Inventory balance for March?

A) $46,000
B) $11,000
C) $33,000
D) $24,000
E) $9,000

Question

What is the ending Raw Materials Inventory balance for March?A) $46,000B) $11,000C) $33,000D) $24,000E) $9,000

Kevin Martin · Accepted Answer

Final Answer : C, Explanation :  To find the ending Raw Materials Inventory balance, we need to subtract the materials used during the month from the total materials purchased on account and add the beginning balance.Ending balance = Beginning balance + Purchases on account - Direct materials used - Indirect materials used= $22,000 + $165,000 - $141,000 - $13,000= $33,000Therefore, the correct answer is C) $33,000.

What is the ending Raw Materials Inventory balance for March?

A) $46,000
B) $11,000
C) $33,000
D) $24,000
E) $9,000

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