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

Raw Materials is debited for the standard cost of the raw materials purchased which is
1,500 liters × $26.50 per liter = $39,750

Florea Corporation Has Provided the Following Data Concerning Its Most