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:

to.

Work in Process Inventory

L.24,000

Materials inventory

L.24,000

b.

Materials inventory

L. 900,000

Cash register

L. 900,000

c.

Work in Process Inventory

L. 900,000

Materials inventory

L. 900,000

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