During May 2022, your company used $400 of cleaning supplies in the factory. When the use of these supplies is recorded in your company’s accounting system: The balance in the factory supplies account will increase, and the balance in the factory overhead account will decrease. The balance in the work-in-process inventory account will increase, and the balance in the factory overhead account will decrease. The balance in the factory overhead account will increase, and the balance in the work-in-process inventory account will decrease. The balance in the work-in-process inventory account will increase, and the balance in the factory supplies account will decrease. The balance in the factory overhead account will increase, and the balance in the factory supplies account will decrease.
During May 2022, your company used $400 of cleaning supplies in the factory. When the use of these supplies is recorded in your company’s accounting system:
The balance in the factory supplies account will increase, and the balance in the factory
The balance in the work-in-process inventory account will increase, and the balance in the factory overhead account will decrease.
The balance in the factory overhead account will increase, and the balance in the work-in-process inventory account will decrease.
The balance in the work-in-process inventory account will increase, and the balance in the factory supplies account will decrease.
The balance in the factory overhead account will increase, and the balance in the factory supplies account will decrease.
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