Business, 25.01.2020 00:31 clairajogriggsk

On november 1, arvelo corporation had $42,000 of raw materials on hand. during the month, the company purchased an additional $68,000 of raw materials. during november, $75,000 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 $5,000. prepare journal entries to record these events. use those journal entries to answer the following question: the credits to the raw materials account for the month of november total: a) $75,000 b) $68,000 c) $42,000 d) $110,000

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On november 1, arvelo corporation had $42,000 of raw materials on hand. during the month, the compan...