A summary of the materials requisitions completed during a period serves as the basis for transferring the cost of the materials from the controlling account in the general ledger to the controlling accounts for:

Question

Quizplus · Accepted Answer

The materials requisitioned are used in the production process and hence should be transferred to the manufacturing accounts. Work in process account reflects the cost of incomplete products in the production process, while factory overhead accounts help in tracking manufacturing overhead costs. Therefore, the best choice is B, transferring the cost of the materials to the controlling accounts for work in process and factory overhead. Choices A, C, and D do not reflect the transfer of the cost of materials to the correct controlling accounts.

A Summary of the Materials Requisitions Completed During a Period