Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account.
-The credits to the Raw Materials account for January would total:
A) $21,981
B) $19,395
C) $38,790
D) $39,330

Question

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J:  The raw material was purchased on account.
-The credits to the Raw Materials account for January would total:
A) $21,981 
B) $19,395 
C) $38,790 
D) $39,330

Quizplus · Accepted Answer

The Raw Materials account is debited for the cost of raw materials purchased. The total cost of raw materials purchased in January is $21,981.

Henifin Corporation Has Provided the Following Data Concerning Its Most