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Question
The following information relates to the manufacturing operations of the IMH Publishing Corporation for the year:
| Beginning | Ending | |
| Raw materials inventory | $ 57,000 | $60,000 |
| Finished goods | 68,000 | 60,000 |
The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to:
A. $107,000
B. $115,000
C. $118,000
D. $121,000
E. $126,000
Answer
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