If the Beginning Balance in the Raw Materials Inventory Account

question 32

Multiple Choice

If the beginning balance in the Raw Materials Inventory account for the month was $25,000,the ending balance of $22,000 and material used during the month was $130,000,what is the amount of materials purchased during the month?

• A)$177,000
• B)$130,000
• C) $127,000
• D) $133,000

Understand the relationship between planning and controlling within the management functions.

Grasp the essence of planning in setting objectives and determining actions to achieve them.

Identify the importance of engaging multiple stakeholders in the planning process to enhance implementation and results.

Understand the concept of gains from specialization and trade.