Explain how much inventory was requisitioned for use on jobs

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Reference no: EM13130718

As of December 31, 2011, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2011, there was $2,000 of materials on hand. During the year, the company purchased $305,000 of materials; however, it paid for only $292,500. How much inventory was requisitioned for use on jobs during 2011?

Reference no: EM13130718

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