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Fortune Company had beginning raw materials inventory of $9,800. During the period, the company purchased $55,000 of raw materials on account, If the ending balance

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Fortune Company had beginning raw materials inventory of $9,800. During the period, the company purchased $55,000 of raw materials on account, If the ending balance in raw materials was $6,800, the amount of raw materials trangferred to work in process is: Multiple Choice $55,000 $58,000 561.800 $52,000

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