Andrew Industries purchased $160,000 of raw materials on account during the month of March.
Andrew Industries purchased $160,000 of raw materials on account during
the month of March. The beginning Raw Materials Inventory balance was $21,000, and the materials used to complete jobs during the month were $136,500 of direct materials and $12,500 of indirect materials. What is the ending Raw Materials Inventory balance for March?
A. 32,000
B. 8,500
C. 23,500
D. 44,500
E. 10,000.