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At the beginning of August, Hogancamp Corporation had $30,400 of raw materials on hand. During the month, the company purchased an additional $80,000 of raw
At the beginning of August, Hogancamp Corporation had $30,400 of raw materials on hand. During the month, the company purchased an additional $80,000 of raw materials. During August, $85,100 of raw materials were requisitioned from the storeroom for use in production. The credits to the Raw Materials account for the month of August total: |
$80,000 | |
$110,400 | |
$85,100 | |
$30,400 |
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