Florea Corporation has provided the following data concerning its most important raw material, compound K09B:

The raw material was purchased on account.

-The debits to the Raw Materials account for August would total:
A)$39,750
B)$15,900
C)$14,840
D)$40,050

Question

Florea Corporation has provided the following data concerning its most important raw material, compound K09B:

The raw material was purchased on account.

-The debits to the Raw Materials account for August would total:
A)$39,750 
B)$15,900 
C)$14,840 
D)$40,050

Quizplus · Accepted Answer

The debits to the Raw Materials account for August would total $39,750. This is because the beginning balance of the account is $15,900, and there were $23,850 of purchases of raw materials during the month.

Florea Corporation Has Provided the Following Data Concerning Its Most