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As of December 31, 2020, Jefferson Industries had $2,000 of raw materials inventory. At the beginning of 2020, there was $1,600 of materials on hand.

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As of December 31, 2020, Jefferson Industries had $2,000 of raw materials inventory. At the beginning of 2020, 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 2020? A. $354,400 B. $344,400 C. $343,600 D. $353,600

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