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Tom [10]
3 years ago
5

The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw

materials inventory $ 55,000 $ 58,000 Finished goods 66,000 58,000 The raw materials used in manufacturing during the year totaled $116,000. Raw materials purchased during the year amount to:
Business
1 answer:
Naddika [18.5K]3 years ago
7 0

Answer: $119,000

Explanation:

Given that,

                                           Beginning         Ending

Raw materials inventory = $ 55,000       $ 58,000

              Finished goods = $66,000        $58,000

Raw materials used in manufacturing during the year = $116,000

Raw materials purchased during the year:

= Ending Raw materials + Raw materials used  - beginning raw material

= $ 58,000 + $116,000 - $ 55,000

= $119,000

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