The following information is available for the year ended December 31: Beginning raw materials inventory$21,500 Raw materials purchases 74,000 Ending raw materials inventory 23,000 Office supplies expense 2,400 The amount of raw materials used in production for the year is:
A. $76,400.
B. $95,500.
C. $74,900.
D. $72,500.
E. $70,100.
Answer: D
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