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Magnus Industries has the following data:
Beginning raw materials inventory $75,000
Materials purchased 40,000
Ending raw materials inventory 60,000
Calculate the cost of raw materials used.

Answer :

Tundexi

Answer:

$55,000

Explanation:

Beginning raw material                      $75,000

Add: Purchases                                   $40,000

Less: Ending raw material inventory  $(60,000)

Raw material used                               $55,000

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