If the beginning monthly balance of materials inventory was $37,000, the ending balance was $39,500, and $257,800 of materials were used, the cost of materials purchased during the month is:
A)$255,300.
B)$257,800.
C)$260,300.
D)$297,300.
E)None of these answer choices is correct.

Question

Quizplus · Accepted Answer

The cost of materials purchased during the month can be calculated as follows:

Cost of materials purchased = Ending inventory + Materials used during the month - Beginning inventory 
Cost of materials purchased = $39,500 + $257,800 - $37,000 
Cost of materials purchased = $260,300

Therefore, the answer is choice C, $260,300.

If the Beginning Monthly Balance of Materials Inventory Was $37,000