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Adelphia Manufacturing issued $75,000 of direct materials and $10,000 of indirect materials for production. Which of the following journal entries would correctly record the transaction?
Adelphia Manufacturing issued $75,000 of direct materials and $10,000 of indirect materials for production. Which of the following journal entries would correctly record the transaction? 85,000 A. Manufacturing Overhead Raw Materials Inventory 85,000 OB. Work-in - Process Inventory Manufacturing Overhead Raw Materials Inventory 75,000 10,000 85,000 85,000 O C. Work -in - Process Inventory Raw Materials Inventory 85,000 85,000 D. Raw Materials Inventory Finished Goods Inventory Work -in - Process Inventory 75,000 10,000 The weighted - average method determines the number of equivalent units of production by accounting for completed and transferred out units plus percentage completed of ending work-in-process units. True False
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