The Following Information Is Available for the Year Ended December

question 54

Multiple Choice

The following information is available for the year ended December 31: $$\begin{array} { l | c } \text { Beginning raw materials inventory } & \$ 21,500 \\\hline \text { Raw materials purchases } & 74,000 \\\hline \text { Ending raw materials inventory } & 23,000 \\\hline \text { Offes supplies expense } & 2,400\end{array}$$ The amount of raw materials used in production for the year is:

• A) $95,500.
• B) $76,400.
• C) $70,100.
• D) $74,900.
• E) $72,500.

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Definitions:

Concurrent Powers

Powers that are shared by both the state and federal governments in the United States, such as the power to tax and build roads.

Tenth Amendment

An amendment to the U.S. Constitution that states powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people.

Enumerated Powers

Specific powers granted to Congress by the United States Constitution.

Police Powers

The ability of states to control actions and maintain peace within their borders to improve the health, safety, ethics, and overall well-being of their residents.