As of December 31,2022, Nilsen Company had $2000 of raw materials inventory. At the beginning...

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Accounting

As of December 31,2022, Nilsen Company had $2000 of raw materials inventory. At the beginning of 2022, there was $1600 of materials on hand. During the year, the company purchased $354000 of materials and paid materials invoices totaling $314000. How much raw materials inventory was requisitioned for use on jobs during 2022?
$354400
$344400
$343600
$353600
$354400
$344400
$343600
$353600
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