Slife Corporation has provided the following data concerning its most important raw material,compound G81N: When recording the use of materials in production,Raw Materials would be:
A)debited for $68,558.
B)credited for $83,839.
C)credited for $68,558.
D)debited for $83,839.

Question

Slife Corporation has provided the following data concerning its most important raw material,compound G81N:  When recording the use of materials in production,Raw Materials would be:
A)debited for $68,558. 
B)credited for $83,839. 
C)credited for $68,558. 
D)debited for $83,839.

Quizplus · Accepted Answer

Raw Materials is debited for the standard cost of the materials used which is
1,660 liters × $41.30 per liter = $68,558.

Slife Corporation Has Provided the Following Data Concerning Its Most