Widget maker manufacturing uses job costing. in may, material requisitions were $ 44 comma 600 ($ 39 comma 700 of these were direct materials), and raw material purchases were $ 58 comma 600. the end of month balance in raw materials inventory was $ 24 comma 900. what was the beginning raw materials inventory balance?

The beginning raw materials inventory balance is $10,900

Explanation:

In this question, we apply the formula  ending balance of raw material which is shown below:

Ending balance of raw material = Beginning balance of raw material + purchase of material - material requisitions

$24,900 =  Beginning balance of raw material + $58,600 - $44,600

$24,900 = Beginning balance of raw material + $14,000

So, the beginning balance of raw material

= $24,900 - $14,000

= $10,900

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

it is a i took the test.