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Upon examining the journal entry records of your firm, which uses a job-order costing system, suppose you discover the following entry: Work in Process Manufacturing

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Upon examining the journal entry records of your firm, which uses a job-order costing system, suppose you discover the following entry: Work in Process Manufacturing Overhead Raw materials 15,000 5,000 20,000 Which of the following activities does the entry represent? Raw materials of 20,000 were requisitioned from the materials supply, of which 15,000 were used in the production of jobs and 5,000 were wasted or ruined. Raw materials of 20,000 were requisitioned from the materials supply for use in the production of jobs, with 15,000 considered direct materials and 5,000 considered indirect materials. Raw materials of 20,000 were requisitioned from the materials supply, of which 15,000 were used in the production of jobs and 5,000 were returned to raw materials inventory as unneeded. Raw materials of 20,000 were requisitioned from the materials supply for use in the production of jobs, while 5,000 in indirect labor and another 15,000 in other direct costs were also used in the production of the same jobs

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