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On July 7, 2023, Russell Company purchased, on account, $7,800 of materials (raw materials inventory). In August 2023, the company s the materials (raw materials
On July 7, 2023, Russell Company purchased, on account, $7,800 of materials (raw materials inventory). In August 2023, the company s the materials (raw materials inventory) that were purchased in July. All of the materials requisitioned by the factory were direct materials. In August, Russell should debit: Accounts payable Work-in-process inventory O Factory supplies Factory overhead Materials Sub
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