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A company compiled the following information for the current year. ( Assume that all raw materials used were direct materials. ) Raw materials inventory, January
A company compiled the following information for the current year. Assume that all raw materials used were direct materials.
Raw materials inventory,
January
$
Raw materials inventory,
December
Work in process inventory,
January
Work in process inventory,
December
Finished goods inventory,
January
Finished goods inventory,
December
Raw materials purchases
Direct labor
Factory utilities
Indirect labor
Factory depreciation
Operating expenses
What amount of the direct materials were used during the period?
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