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Firebaugh Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year. Raw materials purchased on
Firebaugh Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year. Raw materials purchased on account Raw materials (all direct) requisitioned for use in production What is the journal entry to record raw materials used in production? Multiple Choice Raw Materials Work in Process Work in Process Raw Materials Raw Materials Work in Process Debit Credit 520,000 Debit 520,000 Debit 467,000 520,000 Credit 520,000 Credit 467,000 $ 520,000 $ 467,000
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