Storeroom entry of record-transfer of materials, Accounting Basics

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Storeroom entry of record-transfer of materials

A materials requisition slip showed that direct materials requested were $53,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is:

A) Work In Process Inventory 53,000
Raw Materials Inventory 53,000

B) Direct Materials 53,000
Indirect Materials 9,000
Work In Process Inventory 62,000

C) Manufacturing Overhead 62,000
Raw Materials Inventory 62,000

D) Work In Process Inventory 53,000
Manufacturing Overhead 9,000
Raw Materials Inventory 62,000

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Accounting Basics: Storeroom entry of record-transfer of materials

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Accounting Basics: Storeroom entry of record-transfer of materials

Reference No:- TGS090370

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Company predetermined overhead rate basics

Q : How much inventory was requisitioned for employ on jobs

Q : Cost of the finished goods on the hand from job

Q : Balance of the work in process inventory

Q : Storeroom entry of record-transfer of materials

Q : Problem related to raw materials inventory

Q : Manufacturing report as cost of goods manufactured

Q : Raw materials transferred to the production

Q : Cost of goods sold for the specific year

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Storeroom entry of record-transfer of materials

Reference No:- TGS090370

Recent Questions Asked Accounting Basics

Q : Company predetermined overhead rate basics

Q : How much inventory was requisitioned for employ on jobs

Q : Cost of the finished goods on the hand from job

Q : Balance of the work in process inventory

Q : Storeroom entry of record-transfer of materials

Q : Problem related to raw materials inventory

Q : Manufacturing report as cost of goods manufactured

Q : Raw materials transferred to the production

Q : Cost of goods sold for the specific year

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