Barricades Corporation Provided the Following Information for the Year What Was the Amount of Direct Materials Used in Production

question 56

Multiple Choice

Barricades Corporation provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 27,000 \\\hline \text { Ending Balance-Work-in-Process Inventory } & 56,000 \\\hline \text { Beginning Balance - Raw Materials Inventory } & 83,000 \\\hline \text { Ending Balance-Raw Materials Inventory } & 60,000 \\\hline \text { Purchases - Raw Materials } & 360,000 \\\hline \text { Direct Labor } & 471,000 \\\hline \text { Indirect Labor } & 18,000 \\\hline \text { Depreciation on Factory Plant and Equipment } & 25,000 \\\hline \text { Plant Utilities and Insurance } & 271,000 \\\hline\end{array}$$ What was the amount of direct materials used in production during the year?

• A)$66,000
• B)$360,000
• C)$383,000
• D)$831,000

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Definitions:

Precious Metals

Metals of high economic value due to their rarity, durability, and use in jewelry, currency, and industrial applications; includes gold, silver, platinum, and palladium.

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The primary state church in England, also known as Anglican Church, which was established in the 16th century by King Henry VIII.