Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month were $141.000 of direct materials and $13.000 of indirect materials. What journal entry should Andrew use to account for direct materials used in March: Multiple Choice 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 Debit Raw Materials Inventory $141.000, credit Accounts Payable $141.000 Debit Finished Goods Inventory $22.000, credit Raw Materials Inventory $22,000 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. Debit Raw Materials Inventory $141,000; credit Accounts Payable $141,000. Debit Finished Goods Inventory $22,000; credit Raw Materials Inventory $22,000. Debit Raw Materials Inventory $153,000; credit Work in Process Inventory $153,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started