The correct journal entry to record the transfer of $120,000 of raw materials into production is: a. Direct Materials Expense 120,000 Work-In-Process Inventory 120,000 b. Work-In-Process Inventory 120,000 Accounts Payable 120,000 c. Work-In-Process Inventory 120,000 Raw Materials Inventory 120,000 d. Accounts Payable 120,000 Direct Materials Expense 120,000