For a manufacturing business,cost of indirect materials is first recorded in the:
A) Raw Materials Inventory account.
B) Supplies Inventory account.
C) Work In Process Inventory account.
D) Manufacturing Overhead account.

Question

Quizplus · Accepted Answer

This event is an asset exchange.The asset account Cash decreases and the asset account Raw Materials Inventory increases.

For a Manufacturing Business,cost of Indirect Materials Is First Recorded