When recording the use of direct materials in the production process, work in process inventory is debited for which of the following?
A) Standard quantity for actual production times standard cost per pound
B) Standard quantity for actual production times actual cost per pound
C) Actual quantity times standard cost per pound
D) Actual quantity times actual cost per pound

Question

Quizplus · Accepted Answer

Standard quantity for actual production times standard cost per pound is debited to work in process inventory because it represents the cost of the materials that were actually used in production, regardless of the actual cost of those materials.

When Recording the Use of Direct Materials in the Production