Business
Business, 16.04.2020 22:25, kobiemajak

Blue Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $1,032,600. At December 31, 2021, the raw materials to be purchased have a market value of $981,400. Prepare any necessary December 31, 2021 entry

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