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Question - As of December 31, 2017, Nilsen Industries had $1000 of raw materials inventory. At the beginning of 2017, there was $600 of materials on hand. During the year, the company purchased $304000 of materials; however it paid for only $264000. How much inventory was requisitioned for use on jobs during 2017?
$299400
$298600
$303600
$304400
How much is the return on investment?
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Refer to the information in QS 20-2 and QS 20-3. Sturdy Packaging requisitioned $62,000 of indirect mate rials from its raw materials and used $55,000.
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