On April 1, Stelter Corporation had $27,000 of raw materials on hand. During the
ID: 2703979 • Letter: O
Question
On April 1, Stelter Corporation had $27,000 of raw materials on hand. During the month, the company purchased an additional $53,000 of raw materials. During April, $63,000 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 $6,300. Prepare journal entries to record these events. Use those journal entries to answer the following question:
$63,000 $27,000 $53,000 $80,000Explanation / Answer
credits to the Raw Materials account = $63,000
Used matrial is credited from raw material acc
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