When raw material is placed into production, Cost of Goods Manufactured is debited and Raw Material Inventory is credited.

Name: When raw material is placed into production, Cost of Goods Manufactured is debited and Raw Material Inventory is credited.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When raw material is placed into production, Work in Process Inventory is debited and Raw Material Inventory is credited, reflecting the movement of raw material costs into the production process.

When Raw Material Is Placed into Production, Cost of Goods