On March 1, Metevier Corporation Had $37,000 of Raw Materials

Multiple Choice

On March 1, Metevier Corporation had $37,000 of raw materials on hand. During the month, the company purchased an additional $62,000 of raw materials. During March, $69,000 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 $6,000. The journal entry to record the purchase of raw materials would include a:

A) credit to Raw Materials of $62,000
B) credit to Raw Materials of $99,000
C) debit to Raw Materials of $99,000
D) debit to Raw Materials of $62,000