Kilbuck Manufacturing operates in a lean manufacturing environment.Kilbuck's actual conversion costs for the month of May follow: The journal entry to record May's conversion costs will include:
A)a credit to Work in Process Inventory
B)a debit to Raw Materials Inventory
C)a credit to Raw and In Process Inventory
D)a debit to Raw and In Process Inventory

Question

Kilbuck Manufacturing operates in a lean manufacturing environment.Kilbuck's actual conversion costs for the month of May follow:  The journal entry to record May's conversion costs will include:
A)a credit to Work in Process Inventory 
B)a debit to Raw Materials Inventory 
C)a credit to Raw and In Process Inventory 
D)a debit to Raw and In Process Inventory

Quizplus · Accepted Answer

The Answer of Kilbuck Manufacturing operates in a lean manufacturing environment.Kilbuck's actual conversion costs for the month of May follow:  The journal entry to record May's conversion costs will include:
A)a credit to Work in Process Inventory 
B)a debit to Raw Materials Inventory 
C)a credit to Raw and In Process Inventory 
D)a debit to Raw and In Process Inventory

Kilbuck Manufacturing Operates in a Lean Manufacturing Environment