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ID: 2331621 • Letter: T
Question
to see tawortes heme select them d, and drag to the favorites Bar folder.Or import from another browner Import tavorites Help Save& Exit Sub Wk 1Quiz On November t. Arvelo Corporation had $34,000 of raw materials on hand. During During November, $91,000 of raw materials were requisitioned from the storeroom materials. The Indirect materials totaled $3,400. Prepare journal entries to record these events. Use the month, the company purchased an additional $76,000 of raw materials for use in production. These raw materials included both direct and indlirect 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: Multiple Choice 91,000 $76,000 $34,000 $mo.000 Prev8 of 10 NextExplanation / Answer
Solution:
The journal entry to record this transaction is :
WIP account $87,600
Factory OH account $ 3,400
Raw material account $91,000
Thus, answer is option a. $91,000 because journal entry includes 91,000 as credits to the raw material account.
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