On December 1, Catherman Corporation had $21,000 of raw materials on hand. During the month, the company purchased an additional $61,000 of raw materials. During December, $70,000 of raw materials were requisitioned from the storeroom for use in production. The debits to the Raw Materials account for the month of December total:
A) $82,000
B) $70,000
C) $61,000
D) $21,000

Question

Quizplus · Accepted Answer

The debits to the Raw Materials account represent the purchases made during the month, which is $61,000.

On December 1, Catherman Corporation Had $21,000 of Raw Materials