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23 May, 05:16

Tektron Industries has beginning and ending raw materials inventories of $32,000 and $40,000, respectively. Direct materials used were $130,000. The cost of raw materials purchased isA$140,000You got it wrong : B$122,000C$130,000This is correct answer : D$138,000 (130K+40K) - 32K

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Answers (1)
  1. 23 May, 08:52
    0
    D$138,000

    Explanation:

    We know that

    Direct material used = Beginning balance of raw material inventory + purchase made during the year - ending balance of raw material inventory

    $130,000 = $32,000 + purchase made during the year - $40,000

    $130,000 = - $8,000 + purchase made during the year

    So, purchase would be

    = $130,000 + $8,000

    = $138,000
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