In a process cost accounting system, the entry to record cost of materials assigned to a production department requires a debit to the Raw Materials Inventory account and a credit to the Goods in Process Inventory account for that department.

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The entry to record cost of materials assigned to a production department requires a debit to the Goods in Process Inventory account for that department and a credit to the Raw Materials Inventory account, reflecting the movement of materials from inventory into production.

In a Process Cost Accounting System, the Entry to Record