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The CFO of Smith Company provides the following information about Smith's manufacturing operations for the year: The raw materials used in manufacturing during the year

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The CFO of Smith Company provides the following information about Smith's manufacturing operations for the year: The raw materials used in manufacturing during the year totaled $1,108,000. Raw materials purchased during the year amount to: Multiple Choice $1,045,000. $982,000. $1,673,000. $480,000. $1,171,000

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