Question: A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials


A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials from the storeroom is Select one: A. Work In Process Inventory 65,000 Raw Materials Inventory 65.000 O B Direct Materials 65,000 Indirect Materials 8,000 Work in Process Inventory 73,000 O C Manufacturing Overhead 73,000 Raw Materials Inventory 73.000 O D Work In Process Inventory 65,000 Manufacturing Overhead 8,000 Raw Materials Inventory 73,000 O E. None of the above. Bush, Inc. completed Job No.4 during 2018. The job cost sheet listed the following: Direct materials $55,000 Direct labor $30,000 Manufacturing overhead applied $27,000 Units produced 4,000 units Units sold 1,500 units How much is the cost of the finished goods on hand from this job? Select one: 0 A. $112,000 B. $70,000 O C. $42,000 0 D. $130,000 E. None of the above
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