At the beginning of August, Hogancamp Corporation had $26,000 of raw materials o

Question

At the beginning of August, Hogancamp Corporation had $26,000 of raw materials on hand. During the month, the company purchased an additional $73,000 of raw materials. During August, $77,000 of raw materials were requisitioned from the storeroom for use in production. The credits to the Raw Materials account for the month of August total: Answer $73,000 $77,000 $99,000 $26,000 Answer At the beginning of August, Hogancamp Corporation had $26,000 of raw materials on hand. During the month, the company purchased an additional $73,000 of raw materials. During August, $77,000 of raw materials were requisitioned from the storeroom for use in production. The credits to the Raw Materials account for the month of August total: At the beginning of August, Hogancamp Corporation had $26,000 of raw materials on hand. During the month, the company purchased an additional $73,000 of raw materials. During August, $77,000 of raw materials were requisitioned from the storeroom for use in production. The credits to the Raw Materials account for the month of August total: $73,000 $77,000 $99,000 $26,000 $73,000 $77,000 $99,000 $26,000

Explanation / Answer

$77,000

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