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Your friend started working at a candy company, and is in charge of making the journal entries to record transactions in the job-order costing system.
Your friend started working at a candy company, and is in charge of making the journal entries to record transactions in the job-order costing system. Questions 4-8 relate to helping her record the appropriate journal entries. Next, in April, she used $2,500 of indirect materials (i.e., oil to run machines). She also incurred costs of $4,000 related to utilities to run the factory (that have been billed but she hasn't paid yet). Select the option that corresponds to the journal entries she should record (select one): o Increase Work in Process Inventory by $2,500; Decrease Raw Materials Inventory by $2,500; Increase Manufacturing Overhead by $4,000; Increase Accrued Liabilities by $4,000. Increase Work in Process Inventory by $2,500; Decrease Raw Materials Inventory by $2,500; Increase Work in Process Inventory by $4,000; Increase Accrued Liabilities by $4,000 Increase Work in Process Inventory by $2,500; Decrease Raw Materials Inventory by $2,500; Increase Utilities Expense by $4,000; Increase Accrued Liabilities by $4,000. Increase Manufacturing Overhead by $2,500; Decrease Raw Materials Inventory by $2,500; Increase Manufacturing Overhead by $4,000; Increase Accrued Liabilities by $4,000
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