Question: Squirrel Co. operates in a lean manufacturing environment. For June production, Squirrel purchased 6,000 units of raw materials at $6.00 per unit on account. The

Squirrel Co. operates in a lean manufacturing environment. For June production, Squirrel purchased 6,000 units of raw materials at $6.00 per unit on account. The journal entry required to record this transaction is:

a.

Raw Materials Inventory36,000

Accounts Payable36,000

b.

Raw and In Process Inventory36,000

Accounts Payable36,000

c.

Finished Goods36,000

Accounts Payable36,000

d.

Cost of Goods Manufactured36,000

Accounts Payable36,000

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