3) Misnap is a manufacturing firm. In April, it had a beginning inventory balance in its raw materials of $37,000 and an ending inventory of $29,000. Raw materials purchases during the month totalled $57,000. The raw materials used in April were a) $63,000 b) $57,000 c) $65,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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3) Misnap is a manufacturing firm. In April, it had a beginning inventory balance in
its raw materials of $37,000 and an ending inventory of $29,000. Raw materials
purchases during the month totalled $57,000. The raw materials used in April
were
a) $63,000
b) $57,000
c) S65,000
d) $55,000
Transcribed Image Text:3) Misnap is a manufacturing firm. In April, it had a beginning inventory balance in its raw materials of $37,000 and an ending inventory of $29,000. Raw materials purchases during the month totalled $57,000. The raw materials used in April were a) $63,000 b) $57,000 c) S65,000 d) $55,000
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