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Bunnell corporation is a manufacturer that uses job-order costing. on january 1, the company’s inventory balances were as follows:

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saadhussain514

Answer:

The answer is $70,000.

Explanation:

The answer for requirement 1 is $480000.

The answer of requirement 2 : Raw materials = $40,000

Raw material purchased = $510000

Total raw material available = $550000

Less : raw material = $480000

Raw material , ending balance = $70000.

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