Question: answer the correct General Electric Comp. was incorporated in December 2010, Clara Leyva, president of the company, provided the following data related to the inventory
answer the correct
General Electric Comp. was incorporated in December 2010, Clara Leyva, president of the company, provided the following data related to the inventory of materials for the month of June 2014:
Dec 02 | Cash purchases 15,000 units of direct materials at a cost of L60. |
Dec 05 | In production, 400 units of direct material were used. |
The accounting record to account for the transaction on December 5 is as follows:
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