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uestion 59 Verrett Corporation is a manufacturer that uses Job-order costing. The company has supplied the following data for the just completed year Raw materials
uestion 59 Verrett Corporation is a manufacturer that uses Job-order costing. The company has supplied the following data for the just completed year Raw materials purchased on account 5 476,000 Raw materials (all direct) requisitioned for use in production $ 475,000 Direct labor cost $ 174,000 Manufacturing overhead: Indirect labor cost $ 498,000 Other manufacturing overhead costs incurred $ 640,000 What is the journal entry to record raw materials used in production? Debit Credit Work in process 475,000 Manufacturing Overhead 1,000 Raw materials 476.000 Debit Credit Raw materials 475,000 Work in process 475.000 Debit Credit Work in Process 475,000
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