You are the managerial accountant at Infostore, a manufacturer of hard drives. Its reporting year-end is December 31. he chief financial officer is concern about having enough cash to pay the expected income tax bill because of poor cash flow management. On November 15, the purchasing department purchase excess inventory of raw materials in anticipation of rapid sales growth beginning in January. The chief officer tells you to record the purchase of raw materials as an expense in the current year; this would decrease the company's tax liability by increasing expenses and reducing income.

1 in which account should the purchase of raw materials be recorded?

2 how should you respond to this request by the chief financial officer?

write a 250-essay supporting your answer.