BeachCuddly manufacturers plastic beach cups for touristy beach stores . If raw material used was $60,000 and Raw Material Inventory at the beginning and end of the period, respectively, was $17,000 and $21,000, what was amount of raw material was purchased?

Group of answer choices

$64,000

$84,000

$56,000

$101,000

Flag question: Question 5

Question 52 pts

Valdosta Company is working on its costing information for January. They use one overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally close the account until the end of the year.

The beginning and ending inventories for the month of January are

	January 1	January 31
Direct Materials	$67,000	$62,000
Work in Process	$145,000	$171,000
Finished Goods	$85,000	$78,000

Production data for the month of January follows:

Direct labor	$200,000
Actual manufacturing overhead	$132,000
Direct materials purchased	$163,000
Transportation in	$2,000

Valdosta Company's prime cost for January is

Group of answer choices

$363,000

$370,000

$170,000

$368,000