In February 2023, a company bought $1,200 of raw materials (direct materials) on account. In March 2023, the company used $1,100 of those materials in its factory. How should the company record the use of those materials in March?

Debit: Factory Overhead $1,100, credit: Raw Materials Inventory $1,100.

Debit: Work in Process Inventory $1,100, credit: Factory Overhead $1,100.

Debit: Work in Process Inventory $1,100, credit: Raw Materials Inventory $1,100.

Debit: Accounts Payable $1,100, credit: Raw Materials Inventory $1,100.

Debit: Raw Materials Inventory $1,100, credit: Work in Process Inventory $1,100.

Debit: Raw Materials Inventory $1,100, credit: Accounts Payable $1,100.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is Debit Work in Process Inventory ... View the full answer