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Assume the following information from a schedule of cost of goods manufactured: table [ [ Beginning raw materials inventory,$ 7 , 0 0 0

Assume the following information from a schedule of cost of goods manufactured:
\table[[Beginning raw materials inventory,$7,000
Purchase of raw materials, $60,000
Ending raw materials inventory, $5,300
What is the raw materials used in production?
Multiple Choice
$47,700
$67,030
$81,030
$61,700
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