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The Beginning Balance of the Raw Materials Inventory Account for May

Question 117

Multiple Choice

The beginning balance of the Raw Materials inventory account for May was $27,500. The ending balance for May was $28,750 and $128,900 of raw materials were used during the month. The materials purchased during the month cost:


A) $130,150.
B) $157,650.
C) $127,650.
D) $131,300.

Correct Answer:

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