As of December 31, 2022, Bonita Industries had $3000 of raw materials inventory. At the beginning of 2022, there was $1700 of materials on hand. During the year, the company purchased $365000 of materials; however, it paid for only $313000. How much inventory was requisitioned for use on jobs during 2022? O $355900 O $363700 O $366300 O $353300

As of December 31, 2022, Bonita Industries had $3000 of raw materials inventory. At the beginning of 2022, there was $1700 of materials on hand. During the year, the company purchased $365000 of materials; however, it paid for only $313000. How much inventory was requisitioned for use on jobs during 2022? O $355900 O $363700 O $366300 O $353300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

As of December 31, 2022, Bonita Industries had $3000 of raw materials inventory. At the beginning of 2022, there was $1700 of
materials on hand. During the year, the company purchased $365000 of materials; however, it paid for only $313000. How much
inventory was requisitioned for use on jobs during 2022?
O $355900
O $363700
O $366300
O $353300

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