9) On November 1, Arvelo Corporation had $40,500 of raw materials on hand. During the 9) month, the company purchased an additional $69,500 of raw materials. During November, $78,000 of raw materials were requisitioned from the storeroom for use production. These raw materials included both direct and indirect materials. The indirect materials totaled $4700. Prepare journal entries to record these events. The credits to the Raw Materials account for the month of November total A) $110,000 B) S69,500 C) $40,500 D) S78,000