O'Hare Company,is a manufacturing firm that uses a job-order cost system to determine the costs of its products.During 2014the current accounting period,O'Hare used $1,200 of direct raw materials for job #132.The recognition of this event would reflect an increase in which of the following accounts?

Question

Quizplus · Accepted Answer

When a company uses direct materials on a job,the asset account Raw Materials Inventory decreases and the asset account Work in Process Inventory increases.

O'Hare Company,is a Manufacturing Firm That Uses a Job-Order Cost