During the Month of January, Enterprise Inc

Multiple Choice

During the month of January, Enterprise Inc. had total manufacturing costs of $110,000. They incurred $40,000 of direct labor cost and $30,000 of overhead cost during the month. If the materials inventory on January 1 was $3,000 less that the materials inventory on January 31, what was the cost of materials purchased during the month?

A) $37,000
B) $43,000
C) $40,000
D) none of these