nowledge Check or each of the five transactions described below, use the dropdown boxes to indicate which account should be debited an account should be credited. Transaction Debit Credit 1 Direct materials are issued into production for a specific job. Work in Process vERaw Materials 2 Salary of the Production Supervisor is payable. e torials 3 Lubricating oil, waste cotton, and solder are used in the factory. erals 4 The wages of direct laborers who worked on a particular job are payable. Cost of Goods Sold 5 Manufacturing overhead is applied to jobs using a predetermined overhead rate. Direct Labor Finished Goods Manufacturing Overhead 8 of 12 to search top 492 SPn Knowledge Check For each of the five transactions described below, use the dropdown boxes to indicate which account should be debited and which account should be credited. Debit Credit Transaction Work in Process Raw Materials 1 Direct materials are issued into production for a specific job. n Mrials 2 Salary of the Production Supervisor is payable. frativea 3 Lubricating oil, waste cotton, and solder are used in the factory. erials Finished Goods 4 The wages of direct laborers who worked on a particular job are payable. Manufacturing Overhead 5 Manufacturing overhead is applied to jobs using a predetermined overhead rate. Raw Materials Salaries and Wages Payable Work in Process search X