Question
diaz company uses process costing in its 2 processing departments; assembling and finishing. if the assembly department requisitioned direct materials to be used in production,
diaz company uses process costing in its 2 processing departments; assembling and finishing. if the assembly department requisitioned direct materials to be used in production, totaling $80,000, which one of the following journal entries would be made to record this transaction? WIP inventory - materials 80,000 WIP inventory -' assembly 80,000 raw materials inventory 80,000 finished goods inventory 80,000 a. WIP Inventory - assembly 80,000 b. raw materials inventory 80,000 c. WIP inventory - assembly 80,000 d. cost of goods sold 80,000 e. none of the above
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