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(Appendix) Schaper Corporation has provided the following data concerning its most important raw material, compound D30X: Standard cost, per liter...

(Appendix) Schaper Corporation has provided the following data concerning its most important raw material, compound D30X:
Standard cost, per liter   $47.80
Standard quantity, liters per unit of output   8
Cost of material purchased in December, per liter   $50.70
Material purchased in December, liters   3,930
Material used in production in December, liters   2,300
Actual output in December, units   470
The raw material was purchased on account.
The credits to the Raw Materials account for December would total:
$114,940
$99,940
$109,940
$124,940

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