During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These taw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record the requisition of direct material from the storeroom would include a: O a debit to Raw Materials of $83,000 Ob debit to Work in Process of $79,000 Oc credit to Manufacturing Overhead of $4,000 Od debit to Work in Process of $83,000

During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These taw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record the requisition of direct material from the storeroom would include a: O a debit to Raw Materials of $83,000 Ob debit to Work in Process of $79,000 Oc credit to Manufacturing Overhead of $4,000 Od debit to Work in Process of $83,000

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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