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