T-Accounts for the Inventory Accounts of the Arturo Manufacturing Company

question 136

Multiple Choice

T-accounts for the inventory accounts of the Arturo Manufacturing Company are shown below. This data represents transactions for the year of 2012. Based on the data shown here, what was the amount of direct materials used in production? (NOTE: This is not covered in Chapter 16.)

• A)$180,000
• B)$591,000
• C)$192,000
• D)$30,000

---

Definitions:

Psychological Pricing

Encouraging purchases based on emotional rather than rational responses to the price.