The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,000. Supplies purchased during the year totaled $600,000. The county uses the consumption 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.
Correct Answer:
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