As of December 31 2017 Nilsen Industries Had $2000 of Raw

question 89

Multiple Choice

As of December 31 2017 Nilsen Industries had $2000 of raw materials inventory. At the beginning of 2017 there was $1600 of materials on hand. During the year the company purchased $354000 of materials; however it paid for only $314000. How much inventory was requisitioned for use on jobs during 2017?

• A) $354400
• B) $344400
• C) $343600
• D) $353600

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