As of december 31 2010 nilsen industries had 2000 of raw, Ask an Expert

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As of December 31, 2010, Nilsen Industries had $2,000 of raw materials inventory. At the beginning of 2010, there was $1,600 of materials on hand. During the year, the company purchased $244,000 of materials; however it paid for only $234,000. How much inventory was requisitioned for use on jobs during 2010?

A) $244,400

B) $234,400

C) $233,600

D) $243,600

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9449603

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