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company purcha jobs during 2022

company purcha jobs during 2022

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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As of December 31, 2022, Vaughn Industries had $4000 of raw materials inventory. At the beginning of 2022, there was $3000 of materials on hand. During the year, the company purchased $364000 of materials; however it paid for only $254000. How much inventory was requisitioned for use on jobs during 2022? $365000 $345000 $343000 $363000
Transcribed Image Text:As of December 31, 2022, Vaughn Industries had $4000 of raw materials inventory. At the beginning of 2022, there was $3000 of materials on hand. During the year, the company purchased $364000 of materials; however it paid for only $254000. How much inventory was requisitioned for use on jobs during 2022? $365000 $345000 $343000 $363000
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