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Calculate the Materials Inventory

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Question - Ingredient B4376 is used to make Razor Corporation's major product. The standard cost of Ingredient B4376 is $30.00 per ounce and the standard quantity is 17.1 ounces per unit of output. In the most recent month, 5,250 ounces of the compound were used to make 210 units of the output. When recording the use of materials in production under a standard costing system, calculate the Materials Inventory?

Reference no: EM132699044

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