Question
As of December 31, 2020, Sheridan Industries had $1060 of raw materials inventory. At the beginning of 2020, there was $900 of materials on hand.
As of December 31, 2020, Sheridan Industries had $1060 of raw materials inventory. At the beginning of 2020, there was $900 of materials on hand. During the year, the company purchased $122700 of materials, however paid for only $117300. How much inventory was requisitioned for use on jobs during 2020?
|
| $122860 |
|
| $117460 |
|
| $117140 |
|
| $122540 |
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Financial And Managerial Accounting 15th Edition Text Only
Authors: Jan Williams
15th Edition
B005FCGT4O
