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ACCT 2302.H30C Fall.2018 2nd 8wks Larissa Test: Test 1 (Ch 18-20) This Question: 2 pts Time Limit: 1 of 34 (0 complete) ▼ This 9,000 Raw Materials Inventory 79,000 O B. Raw Materials Inventory 9,000 Finished Goods Inventory Work- in-Process Inventory 0,000 9,000 O C. Work-in- Process Inventory 0,000 79.000 O D. Work-in-Process Inventory 9,000 79,000
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Answer #1

Solution:

Journal Entries
Event Particulars Debit Credit
1 Work In Process - Inventory Dr $70,000.00
Manufacturing overhead Dr $9,000.00
       To Raw material inventory $79,000.00
(To record material issued to production)

Hence option C is correct.

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