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Garcia company reports beginning raw materials inventory of $856 and ending raw materials inventory of $680. If the company purchased $3,109 of raw materials during
Garcia company reports beginning raw materials inventory of $856 and ending raw materials inventory of $680. If the company purchased $3,109 of raw materials during the month, what is the amount of materials used during the month? Note: Assume all raw materials were used as direct materials. Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint: Not all information given is needed for the solution
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