Which of the following journal entries properly records the use of $7,000 of raw materials in the Formulating Department? Multiple Choice Raw Materials Finished Goods-Formulating Debit 7,000 Credit 7,000 Debit Credit Finished Goods-Formulating Raw Materials 7,000 7,000 Raw Materials Work in Process-Formulating Debit Credit 7,000 7,000 Work in Process-Formulating Raw Materials Debit Credit 7,000 7,000