If the Beginning Balance in Raw Materials Inventory Is $5,000,the

question 101

Multiple Choice

If the beginning balance in Raw Materials Inventory is $5,000,the ending balance is $3,500,and $60,000 was the amount transferred to Work in Process Inventory,what is the amount of materials purchased during the period?

• A)$58,500
• B)$60,000
• C)$61,500
• D)$68,500

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