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During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct
During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record the requisition from the storeroom would include a: O debit to Work in Process of $83,000 O credit to Manufacturing Overhead of $4,000 O debit to Work in Process of $79,000 O debit to Raw Materials of $83,000
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