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Fortune Company had beginning raw materials inventory of $9,200. During the period, the company purchased $52,000 of raw materials on account. If the ending balance

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Fortune Company had beginning raw materials inventory of $9,200. During the period, the company purchased $52,000 of raw materials on account. If the ending balance in raw materials was $6,200, the amount of raw materials transferred to work in process is Multiple Choice $49.000 $55.000 $52.000 $58.200

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