Ingredient B4376 is used to make Razor Corporation's major product. The standard cost of Ingredient B4376 is $34.00 per ounce and the standard quantity is 24.1 ounces per unit of output. In the most recent month, 5.390 ounces of the compound were used to make 210 units of the output. When recording the use of materials in production under a standard costing system. Materials Inventory would bes Multiple Cholce debited for $172,074. credited for $183,260. debited for $183,260. credited for $172,074

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ingredient B4376 is used to make Razor Corporation's major product. The standard cost of Ingredient B4376 is $34.00 per ounce and the standard quantity is 24.1 ounces per unit of output. In the most recent month, 5.390 ounces of the compound were used to make 210 units of the output. When recording the use of materials in production under a standard costing system. Materials Inventory would bes Multiple Cholce debited for $172,074. credited for $183,260. debited for $183,260. credited for $172,074
Ingredient B4376 is used to make Razor Corporation's major product. The standard cost of Ingredient B4376 is $34.00 per ounce and the standard quantity is 24.1 ounces per unit of output. In the most
recent month, 5,390 ounces of the compound were used to make 210 units of the output. When recording the use of materials in production under a standard costing system, Materials Inventory would
be:
Multiple Choice
debited for $172,074.
credited for $183,260.
debited for $183,260.
credited for $172,074.
Transcribed Image Text:Ingredient B4376 is used to make Razor Corporation's major product. The standard cost of Ingredient B4376 is $34.00 per ounce and the standard quantity is 24.1 ounces per unit of output. In the most recent month, 5,390 ounces of the compound were used to make 210 units of the output. When recording the use of materials in production under a standard costing system, Materials Inventory would be: Multiple Choice debited for $172,074. credited for $183,260. debited for $183,260. credited for $172,074.
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