The balance in Tahoma Companys raw materials inventory account was $150,000 at the beginning of June and
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The balance in Tahoma Company’s raw materials inventory account was $150,000 at the beginning of June and $135,000 at the end of June. Raw materials purchased during the month totaled $50,000. Tahoma used $6,000 in indirect materials for the month.
Required:
Prepare a schedule of raw materials placed in production for the month of June.
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