As of December 31, 2020, GloryBe Industries Had $1,000 of Raw

Multiple Choice

As of December 31, 2020, GloryBe Industries had $1,000 of raw materials inventory.At the beginning of 2020, 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 2020?

A) $122,200
B) $117,200
C) $116,800
D) $121,800