Gammil Company has beginning and ending raw materials inventories of $128,000 and $160,000, respectively. If direct materials used were $520,000, what was the cost of raw materials purchased? $488,000 $560,000 $552,000 $520,000

Gammil Company has beginning and ending raw materials inventories of $128,000 and $160,000, respectively. If direct materials used were $520,000, what was the cost of raw materials purchased?

$488,000

 

$560,000

 

$552,000

 

$520,000

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