On January 1, 20x3, Fallon Company, a manufacturer of consumer products, had a balance in direct materials inventory of $100,000 . During the year, an additional $400,000 of direct materials were purchased. Also during 20x3, direct materials worth $450,000 were transferred to work-in-process inventory. What was Fallon Company's ending direct materials inventory at December 31, 20x3?
a. $15,000
b. $25,000
c. $50,000
d. $100,000
e. $0
C
Business
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