Question: When using a standard cost system in your accounting entries, you would debit direct materials inventory for: Question 1 2 options: 1 ) Standard cost
When using a standard cost system in your accounting entries, you would debit direct materials inventory for:
Question options:
Standard cost of the actual direct materials purchased
Amount of materials purchased multiplied by the actual price per unit
Actual cost of materials purchased
The difference between the actual cost of materials purchased and the standard cost of the materials purchased.
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