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On November 1 Arvelo Corporation had $ 3 8 , 5 0 0 of raw materials on hand. During the month, the company purchased an
On November Arvelo Corporation had $ of raw materials on hand. During the month, the company purchased an additional $ of raw materials. During November, $ of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $ Prepare journal entries to record these events. Use those journal entries to answer the following questions: The credits to the Raw Materials account for the month of November total:
On November Arvelo Corporation had $ of raw materials on hand. During the month, the company purchased an additional $ of raw materials. During November, $ of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $ Prepare journal entries to record these events. Use those journal entries to answer the following questions: The credits to the Raw Materials account for the month of November total:
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