The town of Red Herring issued $60,000 of purchase orders. Assume that when all orders were received, the actual cost of was $59,000 . How much would be recorded as expenditures when the purchase orders were issued?

a. $ 60,000
b. $ 59,000
c. $ 0
d. $ 1,000
e. None of the above.

C

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A major objective of ________ is to increase precision without increasing cost

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