The journal entry to record the use of direct materials in production is to: debit Raw Materials Inventory and credit Work in Process Inventory debit Work in Process Inventory and credit Raw Materials Inventory. debit Raw Materials Inventory and credit Factory Overhead.
The journal entry to record the use of direct materials in production is to: debit Raw Materials Inventory and credit Work in Process Inventory debit Work in Process Inventory and credit Raw Materials Inventory. debit Raw Materials Inventory and credit Factory Overhead.
Chapter1: Financial Statements And Business Decisions
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please explain the correct answer to this question and why it is correct, thanks
Transcribed Image Text:Your Answer incorrect
The journal entry to record the use of direct materials in production is to:
debit Raw Materials Inventory and credit Work in Process Inventory.
debit Work in Process Inventory and credit Raw Materials Inventory.
debit Raw Materials Inventory and credit Factory Overhead.
debit Factory Overhead and credit Raw Materials Inventory.
Correct Answer
debit Work in Process Inventory and credit Raw Materials Inventory.
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