Amoeba Manufacturing,Inc The Inventory Account Balances as of January 1 Are Given

question 192

Multiple Choice

Amoeba Manufacturing,Inc.provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Purchases-Raw Materials } & \$ 90,000 \\\hline \text { Plant Utilities and Insurance } & 68,000 \\\hline \text { Indirect Materials } & 11,740 \\\hline \text { Indirect Labor } & 4,050 \\\hline \text { Direct Materials Used in Production } & 99,000 \\\hline \text { Direct Labor } & 117,000 \\\hline \text { Depreciation on Factory Plant \& Equipment } & 5,000 \\\hline\end{array}$$
The inventory account balances as of January 1 are given below.
$$\begin{array} { | l | r | } \hline \text { Raw Materials Inventory } & \$ 44,000 \\\hline \text { Work-in-Progress Inventory } & 11,000 \\\hline \text { Finished Goods Inventory } & 49,000 \\\hline\end{array}$$
What is the ending balance in the Raw Materials Inventory account?

• A) $134,000
• B) $6,000
• C) $110,740
• D) $23,260

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