West, Inc., started the year with $80,000 in direct materials. During the year West, Inc., purchased $535,000 in direct materials, and used $515,000 in materials. The direct materials inventory on the balance sheet is:
A) $60,000
B) $535,000
C) $20,000
D) $100,000

Question

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The Answer of West, Inc., started the year with $80,000 in direct materials. During the year West, Inc., purchased $535,000 in direct materials, and used $515,000 in materials. The direct materials inventory on the balance sheet is:
A) $60,000
B) $535,000
C) $20,000
D) $100,000

West, Inc, Started the Year with $80,000 in Direct Materials