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Test 106 Saved Help Save & Exit S Gullett Corporation had $32,000 of raw materials on hand on November 1. During the month, the Corporation

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Test 106 Saved Help Save & Exit S Gullett Corporation had $32,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additional $81000 of raw materials. The journal entry to record the purchase of raw materials would include a: 3529 Multiple Choice debit to Raw Materials of $113,000 credit to Raw Materials of $81000 debit to Raw Materials of 581000 credit to Raw Materials of $13.000 2 During March, Zea Inc. transferred $55,000 from Work in Process to Finished Goods and recorded a cost of Goods Sold of $61,000. The journal entries to record these transactions would include a: 8 Multiple Choice Credit to Cost of Goods Sold of $61,000 debit to Finished Gods of $61.000 credit to Work in Process of $55.000 credit to Finished Goods of $55.000 During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13,000 of indirect labor costs. The Journal entry to record the accrual of these wages would include a: Multiple Choice debit to Work in Process of $73,000 credit to Work in Process of $86,000 deb to Work in Process of $85.000 credit to Work in Process of $73.000

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