Question
On March 1, Metevier Corporation had $37,000 of raw materials on hand. During the month, the company purchased an additional $62,000 of raw materials. During
On March 1, Metevier Corporation had $37,000 of raw materials on hand. During the month, the company purchased an additional $62,000 of raw materials. During March, $69,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $6,000.
5) The journal entry to record the requisition from the storeroom would include
a: A) debit to Raw Materials of $69,000
B) debit to Work in Process of $63,000
C) credit to Manufacturing Overhead of $6,000
D) debit to Work in Process of $69,000
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