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As of December 31, 2020, Vaughn Industries had $980 of raw materials inventory. At the beginning of 2020, there was $750 of materials on hand.

As of December 31, 2020, Vaughn Industries had $980 of raw materials inventory. At the beginning of 2020, there was $750 of materials on hand. During the year, the company purchased $121300 of ma...

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