Problem

Use the following data for Questions 8–10. Information obtained from Blue Heron,...

Use the following data for Questions 8–10.

Information obtained from Blue Heron, Inc.’s accounts on December 31 included:

The cost of raw materials used in production for Blue Heron, Inc., in 2013 was

a. $22,000.

b. $84,000.

c. $88,000.

d. $106,000.

e. $128,000.

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