On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month, the Corporation purchased an additional $60,000 of raw materials. During December, $62,000 of raw materials were requisitioned from the storeroom for use in production. The debits entered in the Raw Materials account during the month of December total:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 17?
QUESTION 17
On December 1, Mogro Corporation had $26,000 of raw materials on
hand. During the month, the Corporation purchased an additional
$60,000 of raw materials. During December, $62,000 of raw materials
were requisitioned from the storeroom for use in production. The
debits entered in the Raw Materials account during the month of
December total:
$60,000
$26,000
$86,000
$62,000
Transcribed Image Text:QUESTION 17 On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month, the Corporation purchased an additional $60,000 of raw materials. During December, $62,000 of raw materials were requisitioned from the storeroom for use in production. The debits entered in the Raw Materials account during the month of December total: $60,000 $26,000 $86,000 $62,000
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