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

Question

Quizplus · Accepted Answer

The cost of materials placed in production decreases the asset account Raw Materials Inventory and increases the asset account Work in Process Inventory.

In a Manufacturing Business,the Cost of Direct Materials Being Used