As of December 31, Stand Still Industries had $2,500 of raw…
As of December 31, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of the year, there was $2,000 of materials on hand. During the year, the company purchased $375,000 of materials; however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during the year?
As of December 31, Stand Still Industries had $2,500 of raw…
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As оf December 31, Stаnd Still Industries hаd $2,500 оf rаw materials inventоry. At the beginning of the year, there was $2,000 of materials on hand. During the year, the company purchased $375,000 of materials; however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during the year?
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