question archive On December 1, Mogro Corporation had $26,000 of raw materials on hand
On December 1, Mogro Corporation had $26,000 of raw materials on hand
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On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month, the Corporation purchased an additional $60,000 of raw materials. During December, $62,000 of raw materials were requisitioned from the storeroom for use in production. The debits entered in the Raw Materials account during the month of December total:
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