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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.

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Answers (1)
  1. 8 November, 18:20
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    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
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Home » Business » 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.
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