Connect ACCOUNTING ACC17 Final Exam GAT Question 3(of 501 Save & Est 3. 600 poin

Question

Connect ACCOUNTING ACC17 Final Exam GAT Question 3(of 501 Save & Est 3. 600 poins Carporetion had $25.000 at raw materials on hand on May 1 During the month, the Corporation purchased an additional $65.000 of raw materials During May. 566000 of raw materials were included both direct and indirect materlels. The indirect materials totaled $4000 The debits to the Work in Process account as a consequence of the raw matertals transactions in May total requismoned from the storeroom for use im production. These taw m O so O $62000 $66.000 Muaple Choice Type here to 15 PM 2/12/2917

Explanation / Answer

The correct answer is Option B i.e. $62,000

Explanation:

= Materials were requisitioned - Indirect materials totaled

= $66,000 - $4,000

= $62,000

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