The Following Data Are for Potras Company -What Is the Cost of Raw Materials Used in Production

question 75

Multiple Choice

The following data are for Potras Company:
$\begin{array}{|l|r|r|}\hline & \text { Beginning } & \text { Ending } \\\hline \text { Finished goods inventory } & \$ 30,000 & \$ 40,000 \\\hline \text { Work-in-process inventory } & 20,000 & 13,000 \\\hline \text { Raw materials inventory } & 21,000 & 26,000 \\\hline \text { Purchases of raw materials } & 71,000 \\\hline \text { Factory depreciation } & 5,000 \\\hline \text { Other factory costs } & 10,000 \\\hline \text { Direct labour } & 27,000 \\\hline \text { Indirect labour } & 6,000 \\\hline \text { Selling expense } & 12,000 \\\hline \begin{array}{l}\text { Over- or underapplied } \\\text { overhead }\end{array} & -0 \\\hline\end{array}$


-What is the cost of raw materials used in production?

• A) $26,000.
• B) $71,000.
• C) $76,000.
• D) $66,000.

---

Definitions:

Abortion

The termination of a pregnancy through the removal or expulsion of an embryo or fetus before it can survive outside the uterus.

Surrogate

A surrogate is a substitute, particularly referring to a woman who carries and delivers a child on behalf of another person or couple.

Intrafallopian Transfer

A reproductive technology involving the placement of fertilized eggs directly into a woman's fallopian tubes to facilitate pregnancy.

Hormones

Hormones are chemical messengers produced by glands in the endocrine system, which regulate various physiological processes and behaviors in the body.