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.

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Definitions:

F Distribution

A probability distribution used in analysis of variance (ANOVA), among other methods, that is right-skewed and originates from the ratio of two chi-squared distributions.

Bone Markings

Distinctive structures on bones such as ridges, spines, fossae, and notches, which serve as attachment points for muscles and ligaments, or passages for nerves and blood vessels.

Articulations

Joints or connections between bones that allow for varying degrees of movement, stability, and support in the skeletal system.

Axial Skeleton

Part of the skeleton that includes the bones of the head and trunk of a vertebrate, such as the skull, vertebral column, ribs, and sternum.