During June at XYZ company, OMR 85,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials includet both direct and indirect materials. The indirect materials totaled OMR 7,000. The journal entry to record the requisition from the storeroom would include a: Oa. credit to Raw Materials of OMR 85,000 O b. credit to Manufacturing Overhead of OMR 7,000 O c. debit to Work in Process of OMR 7,000 Od. debit to Work in Process of OMR 85,000 O e. None of the given answer is correct
During June at XYZ company, OMR 85,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials includet both direct and indirect materials. The indirect materials totaled OMR 7,000. The journal entry to record the requisition from the storeroom would include a: Oa. credit to Raw Materials of OMR 85,000 O b. credit to Manufacturing Overhead of OMR 7,000 O c. debit to Work in Process of OMR 7,000 Od. debit to Work in Process of OMR 85,000 O e. None of the given answer is correct
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
٢٦
Transcribed Image Text:O e
Cost of Goods Sold.
CLEAR MY CHOICE
During June at XYZ company, OMR 85,000 of raw materials were requisitioned from the storeroom for use in production.
These raw materials included both direct and indirect materials. The indirect materials totaled OMR 7,000. The journal entry to
record the requisition from the storeroom would include a:
O a.
credit to Ravw Materials of OMR 85,000
Ob. credit to Manufacturing Overhead of OMR 7,000
Oc. debit to Work in Process of OMR 7,000
O d. debit to Work in Process of OMR 85,000
O e. None of the given answer is correct
NEXT PAGE
GE
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education