ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to Work In Process, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 93,500 Indirect materials issued to production 23,200 Total materials issued to production 124,000 Beginning materials inventory 53,700 The debit to Work-in-Process Inventory account for materials is: Multiple Choice $124,000. $23,200. $93,500. $100,800. $53,700.
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to Work In Process, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 93,500 Indirect materials issued to production 23,200 Total materials issued to production 124,000 Beginning materials inventory 53,700 The debit to Work-in-Process Inventory account for materials is: Multiple Choice $124,000. $23,200. $93,500. $100,800. $53,700.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 8SPB
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ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to Work In Process, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information:
Total materials (direct and indirect) purchased | $ 93,500 |
---|---|
Indirect materials issued to production | 23,200 |
Total materials issued to production | 124,000 |
Beginning materials inventory | 53,700 |
The debit to Work-in-Process Inventory account for materials is:
Multiple Choice
-
$124,000.
-
$23,200.
-
$93,500.
-
$100,800.
-
$53,700.
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