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Compute the amount of raw materials used during August if $30,000 of raw materials were purchased during the month and the inventories were as follows:
Compute the amount of raw materials used during August if $30,000 of raw materials were purchased during the month and the inventories were as follows: Inventories Balance August 1 Balance August 31 Raw materials $2,600 $1,600 Work in process $12,000 $19,000 Finished goods $34,000 $17,000 $19,000 $20,600 $31,000 $34,200
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