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

question 102

Multiple Choice

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

---

Definitions:

Brain Areas

Specific regions of the brain associated with different functions such as language, emotion, and motor control.

Heritability Estimates

Measures in genetics that indicate how much of a trait's variation within a population is due to genetic factors.

Personality Traits

Enduring characteristics or qualities that define an individual's patterns of thought, feeling, and behavior.

Between 40 And 60 Percent

A range indicating that an occurrence or characteristic is present in at least forty percent but not more than sixty percent of cases.