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Gammil Company Has Beginning and Ending Raw Materials Inventories of $96,000

Question 38

Multiple Choice

Gammil Company has beginning and ending raw materials inventories of $96,000 and $120,000, respectively.If direct materials used were $440,000, what was the cost of raw materials purchased?


A) $440,000.
B) $470,000.
C) $416,000.
D) $464,000.

Correct Answer:

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