{"id":53154,"date":"2024-04-15T23:49:54","date_gmt":"2024-04-15T23:49:54","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=53154"},"modified":"2024-04-15T23:49:54","modified_gmt":"2024-04-15T23:49:54","slug":"if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount\/","title":{"rendered":"If the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. What is the amount of materials purchased during the month?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 1,77,000&#8243; option2=&#8221;Rs. 1,30,000&#8243; option3=&#8221;Rs. 1,27,000&#8243; option4=&#8221;Rs. 1,33,000&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. Rs. 1,77,000.<\/p>\n<p>The amount of materials purchased during the month is calculated as follows:<\/p>\n<p>Beginning balance of raw materials inventory + Purchases of raw materials = Ending balance of raw materials inventory + Materials used during the month<\/p>\n<p>25,000 + Purchases of raw materials = 22,000 + 1,30,000<\/p>\n<p>Purchases of raw materials = 1,77,000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 1,77,000&#8243; option2=&#8221;Rs. 1,30,000&#8243; option3=&#8221;Rs. 1,27,000&#8243; option4=&#8221;Rs. 1,33,000&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-53154","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>If the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. What is the amount of materials purchased during the month?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. What is the amount of materials purchased during the month?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 1,77,000&#8243; option2=&#8221;Rs. 1,30,000&#8243; option3=&#8221;Rs. 1,27,000&#8243; option4=&#8221;Rs. 1,33,000&#8243; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T23:49:54+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"If the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. What is the amount of materials purchased during the month?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount\/","og_locale":"en_US","og_type":"article","og_title":"If the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. What is the amount of materials purchased during the month?","og_description":"[amp_mcq option1=&#8221;Rs. 1,77,000&#8243; option2=&#8221;Rs. 1,30,000&#8243; option3=&#8221;Rs. 1,27,000&#8243; option4=&#8221;Rs. 1,33,000&#8243; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T23:49:54+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount\/","url":"https:\/\/exam.pscnotes.com\/mcq\/if-the-beginning-balance-in-the-raw-materials-inventory-account-for-the-month-was-rs-25000-the-ending-balance-was-rs-22000-and-material-used-during-the-month-was-rs-130000-what-is-the-amount\/","name":"If the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. 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