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The company has acquired raw materials during the year for 12 000. Out of those, raw materials with a purchase price of 150 remains in
The company has acquired raw materials during the year for 12 000. Out of those, raw materials with a purchase price of 150 remains in inventory at the end of the year. The net selling price for half of what remains (i.e. with an acquisition cost of 75) is 90 and the other half it is 65. Your answer should not include the initial purchase, but only the adjustments at the end of the year.
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