Andrew Industries purchased $173,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $23,600, and the materials used to complete jobs during the month were $148,200 of direct materials and $13,800 of indirect materials. What is the ending Raw Materials Inventory balance for March

The ending Raw Materials Inventory balance for March is $34,600

Explanation:

Raw material inventory is the inventory of those material which will be used in the processing of the production of a product. It includes direct material and indirect material as well.

The ending raw material will be calculated as follow

Ending Raw Material = Beginning raw material + Purchases for the period - material used in the period

Ending Raw Material = $23,600 + $173,000 - ( $148,200 + $13,800 )

Ending Raw Material = $23,600 + $173,000 - $162,000

Ending Raw Material = $196,600 - $162,000

Ending Raw Material = $34,600

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.