Compute the cost of materials used for production

Reference no: EM132218631

Question - Davis Company has the following information related to its Inventory accounts.

	Beginning Year Balance	Ending Year Balance
Raw materials	$12,000	$18,000
Work-in Process	1,000	2,000
Finished Goods	40,000	25,000

During the year, Davis purchased raw materials worth $100,000.

Compute the cost of materials used for production during the year.

A) $109,000

B) $106,000

C) $98,000

D) $94,000

Reference no: EM132218631

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