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Five Rings, Inc, has collected the following data on one of its products: The entry to record the material variances would include a: A Credit
Five Rings, Inc, has collected the following data on one of its products:
The entry to record the material variances would include a:
| A | Credit to Goods in Process for $133,750. |
| B | Debit to Direct Material Price Variance for $13,750. |
| C | Credit to Direct Material Quantity Variance for $13,750. |
| D | Debit to Goods in Process for $120,000. |
| E | Debit to Raw Materials for $120,000. |
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