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Costas Company Has Beginning and Ending Raw Materials Inventories of $64,000

Question 13

Multiple Choice

Costas Company has beginning and ending raw materials inventories of $64,000 and $80,000, respectively.If direct materials used were $290,000, what was the cost of raw materials purchased?


A) $290,000.
B) $310,000.
C) $274,000.
D) $306,000.

Correct Answer:

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