The manufacturing operations of Jones Company had the following inventory balances for the month of March:
|
Inventories |
March 1 |
March 31 |
|
Raw materials |
$12,000 |
$14,000 |
|
Work in process |
$8,000 |
$9,000 |
|
Finished goods |
$32,000 |
$25,000 |
If the company purchased $20,000 of raw materials during March, what was the cost of raw materials used in production?
A) $24,000
B) $22,000
C) $32,000
D) $18,000