Andrew Industries purchased $159,000 in raw materials on account during the month of March. The beginning balance of raw materials inventory was $20,800 and the materials used to complete the jobs during the month were $135,600 in direct materials and $12,400 in indirect materials. What is the ending balance of the Raw Materials Inventory for March? $44,200. $9,800. $31,800. $23,400. $8,400.
Andrew Industries purchased $159,000 in raw materials on account during the month of March. The beginning balance of raw materials inventory was $20,800 and the materials used to complete the jobs during the month were $135,600 in direct materials and $12,400 in indirect materials. What is the ending balance of the Raw Materials Inventory for March? $44,200. $9,800. $31,800. $23,400. $8,400.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Andrew Industries purchased $159,000 in raw
materials on account during the month of
March. The beginning balance of raw materials
inventory was $20,800 and the materials used
to complete the jobs during the month were
$135,600 in direct materials and $12,400 in
indirect materials. What is the ending balance of
the Raw Materials Inventory for March?
$44,200. $9,800. $31,800. $23,400. $8,400.
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