FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 | $ 91,600 |
---|---|
Indirect materials issued to production | 28,200 |
Total materials issued to production | 115,000 |
Beginning materials inventory | 51,600 |
The debit to Work-in-Process Inventory account for materials is:
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