Andrew Industries purchased $160,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $21,000, and the materials used to complete jobs during the month were $136,500 of direct materials and $12,500 of indirect materials. What is the ending Raw Materials Inventory balance for March? O Multiple Choice $44,500. $10,000. $32,000.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Ashvinbhai 

Andrew Industries purchased $160,000 of raw materials on account during the month of March. The beginning Raw Materials
Inventory balance was $21,000, and the materials used to complete jobs during the month were $136,500 of direct materials and
$12,500 of indirect materials. What is the ending Raw Materials Inventory balance for March?
Multiple Choice
О
$44,500.
О
$10,000.
$32,000
Transcribed Image Text:Andrew Industries purchased $160,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $21,000, and the materials used to complete jobs during the month were $136,500 of direct materials and $12,500 of indirect materials. What is the ending Raw Materials Inventory balance for March? Multiple Choice О $44,500. О $10,000. $32,000
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