Bordes Corporation has provided the following data concerning its most important raw material, compound R85F: The raw material was purchased on account.
-The debits to the Raw Materials account for May would total:
A)$58,596
B)$75,240
C)$53,808
D)$77,880

Question

Bordes Corporation has provided the following data concerning its most important raw material, compound R85F:  The raw material was purchased on account.
-The debits to the Raw Materials account for May would total:
A)$58,596 
B)$75,240 
C)$53,808 
D)$77,880

Quizplus · Accepted Answer

To calculate the debits to the Raw Materials account for May, we need to add up the purchases of raw materials for the month. Looking at the information provided, the purchases of raw materials made in May are:
- Beginning Balance: $14,352 debit
- Purchases: $59,088
- Ending Balance: $1,200 credit (we need to subtract this as it's a credit balance)

So, the total debits to the Raw Materials account for May would be:
$14,352 + $59,088 - $1,200 = $75,240

Therefore, the best choice is B.

Bordes Corporation Has Provided the Following Data Concerning Its Most