Determine the cost of supplies


Response to the following problem:

Contrail Hospital provides you with the following information:

Inventory. December 32. 2oX1                             $57,000

Inventory. December 31. 20X2                              6o,000

Cost of supplies purchased during 20X2                 437,000

Required: What was the cost of supplies used during 20X2?

 

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Cost Accounting: Determine the cost of supplies
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