The following information applies to the questions displayed below. - 15532

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yousafbhutta

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[The following information applies to the questions displayed below.]
 Raw materials inventory, January 1, 2011    $ 32,900 
 Raw materials inventory, December 31, 2011    $ 27,100 
 
If purchases of raw materials were $139,000 during the year, what was the amount of raw materials used during the year?
 
$144,800.
 
$133,200.
 
$150,600.
 
$139,000.
 
None of these.

                                       

Solution Description

 

[The following information applies to the questions displayed below.]

 Raw materials inventory, January 1, 2011

$ 32,900