andrew industries purchased $165,000 of raw materials on account during the month of march. the beginning…

andrew industries purchased $165,000 of raw materials on account during the month of march. the beginning raw materials inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials. how should andrews record the purchase of raw materials for march? multiple choice debit raw materials inventory $165,000; credit accounts payable $165,000 debit work in process inventory $165,000; credit raw materials inventory $165,000 debit raw materials inventory $187,000; credit cash $ debit accounts payable $165,000; credit raw materials inventory $165,000 debit accounts payable $187,000; credit raw materials inventory $187,000

andrew industries purchased $165,000 of raw materials on account during the month of march. the beginning raw materials inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials. how should andrews record the purchase of raw materials for march? multiple choice debit raw materials inventory $165,000; credit accounts payable $165,000 debit work in process inventory $165,000; credit raw materials inventory $165,000 debit raw materials inventory $187,000; credit cash $ debit accounts payable $165,000; credit raw materials inventory $165,000 debit accounts payable $187,000; credit raw materials inventory $187,000

Answer

Brief Explanations:

When raw materials are purchased on account, the Raw Materials Inventory account is debited to increase the inventory balance, and the Accounts Payable account is credited to record the liability for the amount owed. The amount of the purchase is $165,000.

Answer:

Debit Raw Materials Inventory $165,000; credit Accounts Payable $165,000