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[Note) This question and the next (or previous) question are based on the same data! Petrillo Company produces engine parts for large motors and uses
[Note) This question and the next (or previous) question are based on the same data! Petrillo Company produces engine parts for large motors and uses standard costing for its production costing and control. The company provided the following information for the month of November: Standards for direct materials per unit Parts produced Direct materials purchased Beginning inventory of direct materials Ending inventory of direct materials 7 lbs. at $6 per lbs. 2,000 units 12,000 lbs. at $5.8 per Ibs. 5,000 lbs. 2,000 lbs. to re the purchase of direct materials Which of the following should appear in journal on account during the period? Debit to Raw Materials for 69,600 Credit to Accounts Payable for 72,000 Credit to Direct Materials Price Variance for 2,400 Debit to Work-in-Process for 84,000
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