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Diaz company uses process costing in its two processing departments; Assembly and Finishing. If the Assembly department requisitioned direct materials to be used in production,
Diaz company uses process costing in its two processing departments; Assembly 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? A. WIP inventory- Materials 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 answers are correct
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