The following information relates to the manufacturing operations of the JNR Printing Company for the year:
Beginning Ending
Raw materials inventory $ 57,000 $ 60,000
Finished goods 68,000 60,000
The raw materials used in manufacturing during the year totaled $118,000.
Raw materials purchased during the year amount to:
A) $126,000. B) $107,000. C) $118,000. D) $115,000. E) $121,000.
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