askme42
Jan 21, 2009, 12:39 PM
At EOY, XYZ Industries had $2,000 of raw materials inventory.
At the beginning the year, $1,600 of materials on hand.
Over the year, $244,000 of materials were purchased; however it paid for only $234,000.
How much inventory was requisitioned for use on jobs during 2008?
A: $234,000
At the beginning the year, $1,600 of materials on hand.
Over the year, $244,000 of materials were purchased; however it paid for only $234,000.
How much inventory was requisitioned for use on jobs during 2008?
A: $234,000