If Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory would have:

A : credits equaling $21,000.

B : debits equaling $19,000.

C : debits equaling $21,000.

D : credits equaling $19,000.

Question

Business

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8 November, 15:39

If Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory would have:

A : credits equaling $21,000.

B : debits equaling $19,000.

C : debits equaling $21,000.

D : credits equaling $19,000.

+1

Answers (1)

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Rylee Dickson · Answer 1

The Raw Materials Inventory would have B : debits equaling $19,000

Explanation:

Raw materials are used in a multitude of products. Raw Materials Inventory is the total costs of all components currently in stock that have not yet been used in finished goods production or work-in-process.

Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory includes metal and cloth and increases: $13,000 + $6,000 = $19,000

The Raw Materials Inventory would have debits equaling $19,000

If Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory would have:A : credits equaling $21,000.B : debits equaling $19,000.C : debits equaling $21,000.D : credits equaling $19,000.

If Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory would have:

A : credits equaling $21,000.

B : debits equaling $19,000.

C : debits equaling $21,000.

D : credits equaling $19,000.