Refer to the T-account below: Entry (5)could represent which of the following?
A)Payments for raw materials.
B)Requisitions of raw materials to be used in production.
C)Purchases of raw materials.
D)Overhead cost applied to Work in Process.

Question

Refer to the T-account below:  Entry (5)could represent which of the following?
A)Payments for raw materials. 
B)Requisitions of raw materials to be used in production. 
C)Purchases of raw materials. 
D)Overhead cost applied to Work in Process.

Quizplus · Accepted Answer

Entry (5) represents an increase in the raw materials inventory account, which would occur with the purchase of raw materials. Therefore, the best choice is C, purchases of raw materials.

Refer to the T-Account Below: Entry (5)could Represent Which