Beginning raw materials inventory for Johnson Inc. was $15,000. Ending raw materials was $7,000. Goods...
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Accounting
Beginning raw materials inventory for Johnson Inc. was $15,000. Ending raw materials was $7,000. Goods completed during the year were $30,000. Purchases of raw materials totaled $25,000. How much were the raw materials used in current manufacturing costs? Are the Raw Materials used in Production the same as Current Mfg Costs?
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