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What is the amount of raw materials used in production

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Reference no: EM132632321

During December, Morgan Manufacturing purchased $65,000 of raw materials. Morgan's inventories were as follows:

                                 Balance Dec 1                        Balance Dec 31

Raw Material                 $15,000                             $13,000

Work in progress             $23,000                            $26,000

Finished goods                $35,000                           $37,000

Problem 1: What is the amount of raw materials used in production during December?

a. $65,000

b. $2,000

c. $67,000

d. $64,000

e. none of the above

Reference no: EM132632321

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