When direct materials are requisitioned from the storage warehouse and transferred to the production floor, the journal entry to record this transfer in the general ledger would result in: A credit to Materials Inventory and a debit to Cost of Goods Sold OA debit to Materials Inventory and a credit to Work in Process Inventory OA credit to Materials Inventory and a debit to Work in Process Inventory A credit to Materials Inventory and a debit to Finished Goods Inventory