Compound Q11H is a raw material used to make Grater Corporation's major product. The standard cost of compound Q11H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below: The raw material was purchased on account.
-The debits to the Raw Materials account for October would total:
A)$52,900
B)$52,440
C)$48,760
D)$53,130

Question

Compound Q11H is a raw material used to make Grater Corporation's major product. The standard cost of compound Q11H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below:  The raw material was purchased on account.
-The debits to the Raw Materials account for October would total:
A)$52,900 
B)$52,440 
C)$48,760 
D)$53,130

Quizplus · Accepted Answer

The debits to the Raw Materials account would total $52,900, as this is the correct amount based on the transactions and adjustments made to the account during October.

Compound Q11H Is a Raw Material Used to Make Grater