As of December 31, 2016, GloryBe Industries had $1,000 of raw materials inventory.At the beginning of 2016, there was $800 of materials on hand.During the year, the company purchased $122,000 of materials, however paid for only $117,000.How much inventory was requisitioned for use on jobs during 2016?
A) $122,200
B) $117,200
C) $116,800
D) $121,800
Correct Answer:
Verified
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