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15. HI please help!!!! Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials
15. HI please help!!!!
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the purchase of materials is: 15 Multiple Choice 3 points 8 01:21:05 Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000. Debit Work in Process Inventory $198,000; credit Accounts Payable $198,000. Debit Raw Materials Inventory $198,000; credit Work in Process Inventory $198,000. O Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000. Dahit Daw Materiale Inventaru 100 nnn.oradit Cinichad Conde Invantan, t100 nnn C Mc Graw Prey 15 of 25 HA Next >
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