Multiple Choice
On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During November, $95,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,000. Prepare journal entries to record these events. Use those journal entries to answer the following questions:
-The credits to the Raw Materials account for the month of November total:
A) $95,000
B) $78,000
C) $32,000
D) $110,000
Correct Answer:
Verified
Correct Answer:
Verified
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