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Tim's Toys, a maker of high-end collectible teddy bears, had a beginning balance of $71,200 in its Raw Materials Inventory account. At the end of
Tim's Toys, a maker of high-end collectible teddy bears, had a beginning balance of $71,200 in its Raw Materials Inventory account. At the end of the period, the ending balance in this account was $75,000. During the period, Tim purchased $150,700 of materials. What was the cost of raw materials used during the period? $146,900$221,900$75,700$225,700
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