Dowling Company had supplies on hand costing $1,000 at the beginning of the year and $2,400 at the end of the year. During the year, supplies totaling $3,800 were consumed. How much was the total cost of supplies purchased during the year?
$3,800 + $2,400 – $1,000 = $5,200
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a. True b. False Indicate whether the statement is true or false
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