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How much inventory was requisitioned for use on jobs

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Question - As of December 31, 2019, Concord Corporation had $3000 of raw materials inventory. At the beginning of 2019, there was $2500 of materials on hand. During the year, the company purchased $305000 of materials; however, it paid for only $242500. How much inventory was requisitioned for use on jobs during 2019?

Reference no: EM133111648

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