On April 1, Stelter Corporation had $27,000 of raw materials on hand. During the

Question

On April 1, Stelter Corporation had $27,000 of raw materials on hand. During the month, the company purchased an additional $53,000 of raw materials. During April, $63,000 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 $6,300. Prepare journal entries to record these events. Use those journal entries to answer the following question:

Explanation / Answer

credits to the Raw Materials account = $63,000

Used matrial is credited from raw material acc

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