When materials are placed into production:
A) Raw Materials Inventory is debited if the materials are traced directly to the job.
B) Work in Process Inventory is debited if the materials are traced directly to the job.
C) Manufacturing Overhead is debited if the materials are traced directly to the job.
D) Raw Materials Inventory is credited only if the materials are traced directly to the job, otherwise manufacturing overhead is crediteD.
When direct materials are placed into production, the cost is transferred from Raw Materials Inventory (with a credit) to Work in Process Inventory (with a debit) .
Correct Answer:
Verified
Q46: Which of the following accounts is not
Q48: When units are completed,the cost associated with
Q51: When units are sold,the cost associated with
Q52: Which of the following would be used
Q54: When direct materials are used in production
Q55: In recording the purchase of materials that
Q58: Which of the following would be used
Q59: Which of the following would be used
Q62: Manufacturing overhead was estimated to be $400,000
Q65: Overhead was estimated to be $250,000 for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents