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Tater Corporation had raw materials inventory at January 1, 2020, of $12,000. The raw materials inventory at December 31, 2020, was $15,000. If the cost
Tater Corporation had raw materials inventory at January 1, 2020, of $12,000. The raw materials inventory at December 31, 2020, was $15,000. If the cost of materials used in production during the year was $20,000, what was the cost of materials purchased during the year?
$23,000
$20,000
$17,000
$35,000
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