On November 1, Arvelo Corporation had $36,500 of raw materials on hand. During the month, the company purchased an additional $73,500 of raw materials. During November, $86,000 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 $3,900. 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:

Multiple Choice

$86,000

$73,500

$36,500

$110,000