What two accounts are affected when $558,000 of direct materials is used in production?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What two accounts are affected when $558,000 of direct materials is used in production?

Work in Process Inventory
558000
558000
Transcribed Image Text:Work in Process Inventory 558000 558000
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Journal entry to record the use of direct materials in production :

Work-in-process inventory is debited and Raw materials inventory is credited.

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