If scrap, common to all jobs, is returned to the storeroom, the journal entry is ________.
A) Accounts Receivable Materials Control
B) Materials Control Work-in-Process Control
C) Work-in-Process Control Materials Control
D) Materials Control Manufacturing Overhead Control

Question

Quizplus · Accepted Answer

When scrap is returned to the storeroom, it is recorded as an increase in Materials Control and a decrease in Manufacturing Overhead Control, reflecting the recovery of materials.

If Scrap, Common to All Jobs, Is Returned to the Storeroom