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The following information relates to the manufacturing operations of the IMH Publishing Corporation for the year: Beginning Ending Raw materials inventory $ 53,000 $ 56,000
The following information relates to the manufacturing operations of the IMH Publishing Corporation for the year: |
Beginning | Ending | |
Raw materials inventory | $ 53,000 | $ 56,000 |
Finished goods | 64,000 | 56,000 |
The raw materials used in manufacturing during the year totaled $114,000. Raw materials purchased during the year amount to:
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