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Jeter Company ordered 400 toy wagons from Lamar, Inc. on May 1, 2018. Jeter Company paid for them on May 20 at a cost of $3 each. Jeter sold 50 of them on June 2, 2018, for $4 each to Gilloz Company. Gilloz Company paid Jeter on June 10.
Which amount represents Jeter Company's input market related to this sale?
Amine
An organic compound and functional group consisting of a basic nitrogen atom with a lone pair and deriving from ammonia by replacement of one or more hydrogen atoms by organic groups.
Carboxylic Acid
Organic compounds containing a carboxyl group (-COOH), known for their acidic properties.
Major Organic Product
The primary outcome of an organic reaction which is produced in the greatest quantity.
Fischer Esterification
A chemical reaction process that forms an ester from an alcohol and a carboxylic acid in the presence of an acid catalyst.
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