The following information relates to the manufacturing operations of the JNR Printing Company for the year: 11edcbcd
$\begin{array}{lrr}
& \text { Beginning } & \text { Ending } \
\text { Raw materials inventory } & \$ 57,000 & \$ 60,000 \
\text { Finished goods } & 68,000 & 60,000
\end{array}$

The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to:
A) $107,000.
B) $115,000.
C) $118,000.
D) $121,000.
E) $126,000.

Question

The following information relates to the manufacturing operations of the JNR Printing Company for the year: 11edcbcd
$\begin{array}{lrr} 
& \text { Beginning } & \text { Ending } \
\text { Raw materials inventory } & \$ 57,000 & \$ 60,000 \
\text { Finished goods } & 68,000 & 60,000
\end{array}$

The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to:
A) $107,000.
B) $115,000.
C) $118,000.
D) $121,000.
E) $126,000.

Quizplus · Accepted Answer

The raw materials purchased can be calculated using the formula: Beginning Inventory + Purchases - Ending Inventory = Raw Materials Used. Plugging in the values: $57,000 + Purchases - $60,000 = $118,000. Solving for Purchases gives $121,000.

The Following Information Relates to the Manufacturing Operations of the JNR