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    Schaper Corporation for Raw Materials

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    (Appendix) Schaper Corporation has provided the following data concerning its most important raw material, compound D30X:

    Standard cost, per liter $47.80
    Standard quantity, liters per unit of output 8
    Cost of material purchased in December, per liter $50.70
    Material purchased in December, liters 3,930
    Material used in production in December, liters 2,300
    Actual output in December, units 470

    The raw material was purchased on account.

    The credits to the Raw Materials account for December would total:

    $114,940

    $99,940

    $109,940

    $124,940

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    Solution Preview

    (Appendix) Schaper Corporation has provided the following data concerning its most important raw material, compound D30X:

    Standard cost, per liter $47.80
    Standard quantity, ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer how much is the credits to the Raw Materials account for December.

    $2.19

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