Question

If the beginning balance in Raw Materials Inventory is 5,000, the ending balance is 3,500 , and 60,000 was purchased, what is the amount of materials transferred to work in progress inventory during the period?A) 61,500B) 58,500C) 60,000D) 68,500

Answer 1

Answer: the correct answer is option 'A' i.e. 61,500

Explanation: opening inventory +purchases- closing inventory

5000+60,000-3500= 61,500