Gammil Company Has Beginning and Ending Raw Materials Inventories of $96,000

question 38

Multiple Choice

Gammil Company has beginning and ending raw materials inventories of $96,000 and $120,000, respectively.If direct materials used were $440,000, what was the cost of raw materials purchased?

• A)$440,000.
• B)$470,000.
• C)$416,000.
• D)$464,000.

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Definitions:

NADPH

Nicotinamide adenine dinucleotide phosphate, a coenzyme involved in anabolic reactions, acting as a reducing agent in biosynthetic processes.

Absorption Spectrum

A spectrum that shows the wavelengths of electromagnetic radiation absorbed by a substance, useful in identifying chemical compounds.

Photosynthesis

Green plants and selected organisms employ sunlight to produce nutrients from carbon dioxide and water, a process known as photosynthesis.

Electron Transport Pathways

Series of chemical reactions in cells that generate energy in the form of ATP by transferring electrons through various molecules.