Given the Following Data:?Beginning Raw Materials Inventory$30,000Materials Purchased65,000Ending Raw Materials

question 12

Multiple Choice

Given the following data:?Beginning raw materials inventory$30,000Materials purchased65,000Ending raw materials inventory40,000?What is the amount of raw materials used?

• A) $5,000
• B) $55,000
• C) $75,000
• D) $30,000

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Definitions:

Business

Commercial, professional, or industrial activities conducted by individuals or organizations to earn a profit or achieve other goals.

Benefit

An advantage or profit gained from something, often used in the context of employment, services, or products.

Politeness

The behavior that is respectful and considerate of other people's feelings.

Message

A communication or statement conveyed from one person or entity to another through words, symbols, or other means.