84 QUESTION 15 The following entry would be used to record the transfer of $40,000 of direct material and $10,000 of indirect material from the storeroom to production: Debit Credit Direct Materials 40,000 Indirect Materials 10,000 Raw Materials True False 50,000 UL.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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84
martVi
QUESTION 15
The following entry would be used to record the transfer of $40,000 of
direct material and $10,000 of indirect material from the storeroom to
production:
Debit Credit
Direct Materials 40,000
Indirect Materials 10,000
Raw Materials
True
False
50,000
Transcribed Image Text:84 martVi QUESTION 15 The following entry would be used to record the transfer of $40,000 of direct material and $10,000 of indirect material from the storeroom to production: Debit Credit Direct Materials 40,000 Indirect Materials 10,000 Raw Materials True False 50,000
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