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Magnus Industries Has the Following Data:​ Calculate the Cost of Raw Materials Used

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Magnus Industries has the following data:​  Beginning raw material s inventory $75,000 Materials purchased 40,000 Ending raw materials inventory 60,000\begin{array}{lr}\text { Beginning raw material s inventory } & \$ 75,000 \\\text { Materials purchased } & 40,000 \\\text { Ending raw materials inventory } & 60,000\end{array} Calculate the cost of raw materials used.

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Raw Materials Used =...

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