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Acme's standard cost for their hula hoop is $6 per unit(3 pounds of material at...

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Accounting

Acme's standard cost for their hula hoop is $6 per unit(3 pounds of material at $2 per pound).

During March, they purchased 20,000 pounds of material for $43,000. During the month they produced 5,000 hula hoop using 16000 pounds of materal.

What was the value of Acme's raw materials inventory account at the end of March? ________

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