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brilliants [131]
3 years ago
11

As of December 31, 2019, Nilsen Industries had $2,000 of raw materials inventory. At the beginning of 2019, there was $1,600 of

materials on hand. During the year, the company purchased $354,000 of materials; however it paid for only $314,000. How much inventory was requisitioned for use on jobs during 2019? a. $354,400b. $344,400c. $343,600d. $353,600
Business
1 answer:
Vlad [161]3 years ago
6 0

Answer:

d. $353,600

Explanation:

The computation of the inventory  requisitioned for use on jobs during 2019 is shown below;

= OPening inventory + purchase made - ending inventory

= $1,600 + $354,000 - $2,000

= $353,600

Hence, the  inventory  requisitioned for use on jobs during 2019 is $353,600

Therefore the option d is correct

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Answer:

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Hi there

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3 years ago
The cost of goods sold during the year was $380,000. Inventory increased by $12,000 during the year and accounts payable decreas
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Answer:

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