When materials that will become part of a finished product are removed from the storeroom and placed in production,

Name: When materials that will become part of a finished product are removed from the storeroom and placed in production,
Brand: Quizplus
Rating: 4.7 (53 reviews)

Question

Quizplus · Accepted Answer

When materials are removed from the storeroom and placed in production, they become a part of the work in progress. Therefore, the Work in Process Inventory account is debited to reflect the increase in the value of materials used in production.

When Materials That Will Become Part of a Finished Product