Titus Manufacturing Inc provided the following information for the year Purchase

ID: 2513534 • Letter: T

Question

Titus Manufacturing Inc provided the following information for the year PurchasesDirect Materials Plant Utilities and Insurance Indirect Materials Indirect Labor Direct Materials Used in Production Direct Labor Depreciation on Factory Plant & Equipment $91.000 68.000 The inventory account balances as of January 1 are given below. 11.170 Direct Materials $44,000 10,000 50,000 2Work-in-Progress Inventory Finished Goods Inventory 99,000 117500 4.000 What is the ending balance in the Direct Materials account? CA. $110:170 D B. $135,000 OC $36.000 O D $6.000 K CHICK to select your answer

Explanation / Answer

Beginning direct material

$44,000

Add: Direct material purchases

$91,000

Less: Direct material used in production

$99,000

Ending direct material

$36,000

Hence option “C. 36,000” is correct answer.