if the company purchased 18 000 of raw materials during march what was the cost of r 633854
The manufacturing operations of QC Company had the following inventory balances for the month of March:
|
Inventories |
March 1 |
March 31 |
|
Raw materials |
$10,000 |
$12,000 |
|
Work in process |
$6,000 |
$7,000 |
|
Finished goods |
$30,000 |
$22,000 |
The manufacturing operations of QC Company had the following inventory balances for the month of March:
|
Inventories |
March 1 |
March 31 |
|
Raw materials |
$10,000 |
$12,000 |
|
Work in process |
$6,000 |
$7,000 |
|
Finished goods |
$30,000 |
$22,000 |
If the company purchased $18,000 of raw materials during March, what was the cost of raw materials used in production?
A) $16,000
B) $20,000
C) $41,000
D) $19,000