Anas Industries purchased $175,000 of raw materials on account during the month of March. The beginning...

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Anas Industries purchased $175,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $30,000, and the materials used to complete jobs during the month were $140,000 direct materials and $15,000 indirect materials. How should Anas record the purchase of raw materials for March? O Debit Raw Materials Inventory $175,000; credit Accounts Payable $175,000 O Debit Accounts Payable $205,000; credit Raw Materials Inventory $205,000 O Debit Work in Process Inventory $175,000; credit Raw Materials Inventory $175,000 O Debit Accounts Payable $175,000; credit Raw Materials Inventory $175,000 O Debit Raw Materials Inventory $205,000; credit Cash $205,000 Anas Industries purchased $175,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $30,000, and the materials used to complete jobs during the month were $140,000 direct materials and $15,000 indirect materials. How should Anas record the purchase of raw materials for March? O Debit Raw Materials Inventory $175,000; credit Accounts Payable $175,000 O Debit Accounts Payable $205,000; credit Raw Materials Inventory $205,000 O Debit Work in Process Inventory $175,000; credit Raw Materials Inventory $175,000 O Debit Accounts Payable $175,000; credit Raw Materials Inventory $175,000 O Debit Raw Materials Inventory $205,000; credit Cash $205,000

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The answer is Debit Raw Materials Inventory 175000 credit Accounts Payable 1750... View the full answer