On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month $60,000 of raw materials were purchased.
During December, $62,000 of raw materials were requisitioned from the storeroom for use in production.
Do the debits to the Raw Materials account for the month of December total 62000?
Debits increase the raw material and would when material is purchased, ...
The solution explains how to calculate the amount of debits to raw materials.