As of December 31 2017 Stand Still Industries Had $2500

question 47

Multiple Choice

As of December 31 2017 Stand Still Industries had $2500 of raw materials inventory. At the beginning of 2017 there was $2000 of materials on hand. During the year the company purchased $375000 of materials; however it paid for only $312500. How much inventory was requisitioned for use on jobs during 2017?

• A) $362000
• B) $374500
• C) $375500
• D) $363000

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Definitions:

Single-Celled Organisms

Organisms consisting of a single cell, carrying out all life processes within it; examples include bacteria and certain algae.

Turbidity Currents

Underwater currents of rapidly moving, sediment-laden water moving down a slope, caused by the increased density from suspended particles.

Mixed Masses

Compositions of varying substances or materials combined together, often without uniformity.

Downslope Marine

Describes processes or movements occurring towards the bottom of the ocean slope, often involving sediment transport from shallower to deeper waters.