Andrew Industries Purchased $165,000 of Raw Materials on Account During

question 23

Multiple Choice

Andrew Industries purchased $165,000 of raw materials on account during the month of March.The beginning Raw Materials Inventory balance was $22,000,and the materials used to complete jobs during the month were $141,000 of direct materials and $13,000 of indirect materials.
-What is the ending Raw Materials Inventory balance for March?

• A)$46,000
• B)$11,000
• C)$33,000
• D)$24,000
• E)$9,000

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Definitions:

Sales Promotion

Short-term incentives to encourage the purchase or sale of a product or service.

Database Marketing

A form of direct marketing using databases of customers or potential customers to generate personalized communications to promote a product or service.

Integrated Marketing Communications

A strategic approach that aims to unify different marketing methods to promote a consistent message across all channels.

Direct Marketing

A type of advertising strategy that aims to deliver promotional messages directly to potential customers on an individual basis, rather than through a mass medium.