7. The entry to record the purchase of materials using a job costing system would include aO credit to work-in-process inventory.O debit to accounts payable.O debit to raw materials inventory.O debit to work-in-process inventory.

The question is based on the concept of Cost Accounting. Job costing is used in manufacturing entity…

7. The entry to record the purchase of materials using a job costing system would include Ocredit to work-in-process inventory. O debit to accounts payable. O debit to raw materials inventory. O debit to work-in-process inventory.

7. The entry to record the purchase of materials using a job costing system would include Ocredit to work-in-process inventory. O debit to accounts payable. O debit to raw materials inventory. O debit to work-in-process inventory.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

7. The entry to record the purchase of materials using a job costing system would include a
O credit to work-in-process inventory.
O debit to accounts payable.
O debit to raw materials inventory.
O debit to work-in-process inventory.

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