Question
As of December 31, 2017, Nilsen Industries had $1000 of raw materials inventory. At the beginning of 2017, there was $600 of materials on hand.
As of December 31, 2017, Nilsen Industries had $1000 of raw materials inventory. At the beginning of 2017, there was $600 of materials on hand. During the year, the company purchased $304000 of materials; however it paid for only $264000. How much inventory was requisitioned for use on jobs during 2017?
$299400
$298600
$303600
$304400
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Integrated Accounting
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
8th edition
1285462726, 1285462721, 978-1285462721
