Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Firebaugh Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Raw materials purchased on account $ 520,000 Raw materials (all direct) requisitioned for use in production $ 467,000 What is the journal entry to record raw materials used in production

Sagot :

abiolataiwo2015

Answer:

Dr Work In Process 467,000

Cr Raw Materials 467,000

Explanation:

Preparation of the journal entry to record raw materials used in production

Based on the information given if the Raw materials that was requisitioned for use in the production was the amount of $ 467,000 which means that the journal entry to record raw materials used in production will be :

Dr Work In Process 467,000

Cr Raw Materials 467,000

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.