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What was the beginning raw materials inventory balance

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Nemec Manufacturing uses job costing. In May, material requisitions were $44,000 ($39,000 of these were direct materials), and raw material purchases were $60,000. The end of month balance in raw materials inventory was $24,300. What was the beginning raw materials inventory balance?

A) $74,700

B) $45,300

C) $8,300

D) $23,000

Reference no: EM131807911

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