The following journal entry was recorded by Epic Inc:

Work in Process $94,000

Raw Materials $94,000

Which of the following statements is correct regarding this journal entry?

Multiple Choice

• This journal entry shows that $94,000 of products were sold.

• This journal entry shows that $94,000 of direct materials were called into the production process.

• This journal entry shows that $94,000 in products were completed during the period.

• This journal entry shows that $94,000 of raw materials were purchased during the period.