On March 1, Metevier Corporation had $37,000 of raw materials on hand. During the month, the company purchased an additional $62,000 of raw materials. During March, $69,000 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 $6,000. The journal entry to record the purchase of raw materials would include a:

Question

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The purchase of raw materials is recorded as a debit to the Raw Materials account for the amount purchased, which is $62,000.

On March 1, Metevier Corporation Had $37,000 of Raw Materials