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Assume the following information from a schedule of cost of goods manufactured: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory $

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Assume the following information from a schedule of cost of goods manufactured: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory $ 7,000 $60,000 $ 5,600 What is the raw materials used in production? Multiple Choice $67,060 $47,400 $61,400 $81,060

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