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LenaWriter [7]
4 years ago
12

The journal entry to record the transfer of 1,600 units of part number 1177 with a value of $2.50 each, to work in process is:

Business
1 answer:
MrMuchimi4 years ago
7 0

<u>Answer: </u> The correct option is - B

<u>Explanation:</u>

The journal entry that will be recorded in the books of accounts if the transfer (1600 units) of the part number 1177 having the worth of $2.50 each, to work in process is  :

Work in process is to be debited with an amount of 4000

Material inventory is to be credited with an amount of 4000

Thus, the correct answer is B

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typically, Joseph buys a single tire at a time for his truck. However, he sees an advertisement for a "buy 3, get 1 free" offer
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3 years ago
A. Two years ago your firm took out a 30- year amortizing loan to purchase a small office building. The loan has a 4.80% APR wit
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I prepared two amortization schedules using an excel spreadsheet. The principal on the loan was $500,000. The first one has a fixed 4.8% APR for the whole 30 years. In the second one, the APR changes to 7.2% at the beginning of year 4.

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3 years ago
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