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As of December 31, 2012, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2012, there was $2,000 of materials on hand. During the year, the company purchased $325,000 of materials; however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during 2012?

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Accounting Basics, Accounting

Category:- Accounting Basics
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