The following information relates to the manufacturing operations of the RTO Publishing Corporation for the year:
|
Beginning |
Ending |
Raw materials inventory |
$51,000 |
$53,000 |
Finished goods |
68,000 |
69,300 |
The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to: |
$121,500. $120,000 $122,000. $116,700. $116,000. |
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