The General Fund Reported a Beginning Balance of Inventory of Materials

Multiple Choice

The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,000. Supplies received during the year (purchases) totaled $600,000. The county uses the purchases method. The General Fund should report expenditures for materials and supplies for the year of

A) $450,000.
B) $572,000.
C) $600,000.
D) $628,000.