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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: what is the net operating income for the year?

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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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