Question
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
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
2. Direct Materials...............................66,000
Indirect Materials.............................9,000
Work in Process Inventory..................... 75,000
3.Manufacturing Overhead..................75,000
Raw Materials Inventory.............................. 75,000
4. Work In Process Inventory..................66,000
Manufacturing Overhead.....................................9,000
Raw Materials Inventory.............................. 75,000
Group of answer choices
Journal 4 is correct.
Journal 2 is correct.
Journal 3 is correct.
Journal 1 is correct.
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
