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Tatar Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

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Tatar Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

Tatar Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Beginning inventories:
Raw materials	$37,000
Work in process	$15,000

Results of operations:
Raw materials purchased on account	$480,000
Raw materials (all direct) requisitioned for use in production	$434,000

How much is the ending balance in the Raw Materials inventory account?

▸ $37,000

▸ $120,000

▸ $83,000

▸ $517,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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