Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Invent were $141,000 of direct materials and

Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Invent were $141,000 of direct materials and $13,000 of indirect materials. What journal entry should Andrew use to account for direct mate Multiple Choice O Debit Raw Materials Inventory $141,000: credit Accounts Payable $141,000. Debit Work in Process Inventory $141,000, credit Raw Materials Inventory $141,000. Debit Work in Process Inventory $141,000; credit Accounts Payable $141,000. O Debit Finished Goods Inventory $22,000, credit Row Materials Inventory $22,000. Debit Raw Materials Inventory $153,000, credit Work in Process Inventory $153,000. the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month urnal entry should Andrew use to account for direct materials used in March: $141,000. Inventory $141,000. yable $141,000 Bals Inventory $22,000. rocess Inventory $153,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions