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Question - The Carter Corporation purchased $2,000 of direct materials on account from its largest vendor. Carter also paid $230 in shipping costs. How would Carter record this transaction?
a. A debit to Work in Process Inventory for $2,000
b. A debit to Raw Materials Inventory for $2,230
c. A credit to Raw Materials Inventory for $2,230
d. A debit to Raw Materials Inventory for $2,000 and a debit to Manufacturing Overhead for $230
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