Falkenstein Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.
Required:What was the cost of indirect materials requisitioned for use in production during the year?
What will be an ideal response?
| ? | Raw materials inventory, 1/1 | $14,000 |
| ? | Add: Debits (purchases of raw materials) | 140,000 |
| ? | Materials available for use | 154,000 |
| ? | Deduct: Raw materials inventory, 12/31 | 23,000 |
| ? | Materials requisitioned for use in production | 131,000 |
| ? | Deduct: Direct materials | 106,000 |
| ? | Indirect materials | $25,000 |
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