A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000.

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A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is Entry field with correct answer
a. Manufacturing Overhead.........................................75,000
Raw Materials Inventory............................................75,000
b. Direct Materials...................................................66,000
Indirect Materials......................................................9,000
Work in Process Inventory..........................................75,000
c. Work In Process Inventory.......................................66,000
Raw Materials Inventory............................................66,000
d. Work In Process Inventory......................................66,000
Manufacturing Overhead.............................................9,000
Raw Materials Inventory...........................................75,000
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Related Book For  book-img-for-question

Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

1st edition

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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