Select the proper journal entry to record the movement of 1,700 units of part number 116B to work in process when each unit of 116B has a value of $2.00.

Question

Quizplus · Accepted Answer

The journal entry to record the movement of 1,700 units of part number 116B to work in process when each unit of 116B has a value of $2.00 would be a debit to Work in Process for $3,400 ($2.00 x 1,700) and a credit to Raw Materials Inventory for $3,400. The only option that matches this description is C.

Select the Proper Journal Entry to Record the Movement of 1,700