The following information relates to the manufacturing operations of the JNR Printing Company for the year:

	Beginning			Ending
Raw materials inventory	$	62,000		$	65,000
Finished goods		73,000			65,000

The raw materials used in manufacturing during the year totaled $123,000. Raw materials purchased during the year amount to:

Multiple Choice

• $131,000.

• $123,000.

• $126,000.

• $112,000.

• $120,000.