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 $ 475,000 Raw materials (all direct) requisitioned for use in production $ 476,000 Direct labor cost $ 640,000 Manufacturing overhead: Indirect labor cost $ 174,000 Other manufacturing overhead costs incurred $ 498,000 Cost of goods manufactured $ 1,469,000 Cost of goods sold (unadjusted) $ 1,430,000 What is the journal entry to record raw materials used in production?

Question 1 options: Work in Process 475,000 Raw Materials 475,000 ,Raw Materials 475,000 Work in Process 475,000, Work in Process 476,000 Raw Materials 476,000, Raw Materials 476,000 Work in Process 476,000