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Selected information regarding a company's most recent quarter follows (all data in thousands): Sales revenue $4,060 Beginning raw materials inventory $260 Direct materials used $400
Selected information regarding a company's most recent quarter follows (all data in thousands):
| Sales revenue | $4,060 |
| Beginning raw materials inventory | $260 |
| Direct materials used | $400 |
| Purchases of direct materials | $420 |
| Direct labor | $500 |
| Manufacturing overhead | $620 |
What was the ending raw materials inventory? A. $400 B. $820 C. $280 D. $780
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
5th Edition
0912503351, 9780912503356
