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On November 1, Arvelo Corporation had $34,500 of raw materials on hand. During the month, the company purchased an additional $75,500 of raw materials. During November, $90,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,500. Prepare journal entries to record these events. Use those journal entries to answer the following questions:

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Answer:

The credits to Raw material account for the month of November total is $90,000

Explanation:

Missing word "The credits to the Raw Materials account for the month of November total:"

                              Journal entry

Date  Accounts title and Explanation        Debit       Credit

         Work in process inventory               $86,500

         (90,000 - 3,500)

         Manufacturing overheads                $3,500

                  Raw material inventory         $90,000

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