Question
As of December 31, 2019, Nilsen Industries had $3000 of raw materials inventory. At the beginning of 2019, there was $2600 of materials on hand.
As of December 31, 2019, Nilsen Industries had $3000 of raw materials inventory. At the beginning of 2019, there was $2600 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 2019?
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
