Given the following information what is the amount

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Given the following information, what is the amount of  Materials Used (taken from the material storeroom and placed into production) ?

Inventory Balances at the Beginning and End of the Year


1/1/2014 12/31/2014
Materials $ 40,000 $ 50,000
Goods in Process $ 25,000 $ 10,000
Finished Goods $125,000 $175,000

Yearly totals for:

Material Purchases $250,000
Direct Labor $120,000
Factory Overhead $200,000
Sales $950,000
Sales Discounts $ 20,000
Selling Expenses $ 80,000
Administrative Expenses         $122,000
Interest Expense $   8,000
Income Tax Expense $ 45,000

Reference no: EM13580991

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