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XYZ Company's beginning balance of direct materials for May was $12,000. During the month of May, $124,000 of direct materials were purchased. The bookkeeper left
XYZ Company's beginning balance of direct materials for May was $12,000. During the month of May, $124,000 of direct materials were purchased. The bookkeeper left on May 31 without recording the amount of direct materials used during the month of May. If direct materials inventory on May 31 was $25,000, what was the cost of direct materials used during the month?
A. $136,000
B. $137,000
C. Cannot be determined with the information given
D. None of these answers are correct
E. 111,000
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