A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000.

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A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is
Work In Process Inventory........................................................66,000
Raw Materials Inventory..........................................................66,000
Direct Materials.....................................................................66,000
Indirect Materials.....................................................................9,000
Work in Process Inventory........................................................75,000
Manufacturing Overhead..........................................................75,000
Raw Materials Inventory..........................................................75,000
Work In Process Inventory.......................................................66,000
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Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

1st edition

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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