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If the Beginning Balance in Raw Materials Inventory Is $5,000,the

Question 63

Multiple Choice

If the beginning balance in Raw Materials Inventory is $5,000,the ending balance is $3,500,and $60,000 was the amount transferred to Work in Process Inventory,what is the amount of materials purchased during the period?


A) $58,500
B) $60,000
C) $61,500
D) $68,500

Correct Answer:

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