Compound K52E is a raw material used to make Pinkos Corporation's major product.The standard cost of compound K52E is $46.00 per ounce and the standard quantity is 5.0 ounces per unit of output.Data concerning the compound for March appear below: The raw material was purchased on account. The debits to the Raw Materials account for March would total:
A)$170,200
B)$172,420
C)$184,000
D)$164,220

Question

Compound K52E is a raw material used to make Pinkos Corporation's major product.The standard cost of compound K52E is $46.00 per ounce and the standard quantity is 5.0 ounces per unit of output.Data concerning the compound for March appear below:  The raw material was purchased on account. The debits to the Raw Materials account for March would total:
A)$170,200 
B)$172,420 
C)$184,000 
D)$164,220

Quizplus · Accepted Answer

Raw Materials is debited for the standard cost of the raw materials purchased which is
3,700 ounces × $46.00 per ounce = $170,200

Compound K52E Is a Raw Material Used to Make Pinkos