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Jamal Company has beginning and ending raw materials inventories of $96,000 and $120,000, respectively. If direct materials used were $440,000, what was the cost

Jamal Company has beginning and ending raw materials inventories of $96,000 and $120,000, respectively. If direct materials used were $440,000, what was the cost of raw materials purchased? Select one: a. $470,000. O b. $464,000. O c. $416,000. O d. $440,000.

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