Having money with which to buy goods and services is called purchasing power
Explanation:
ummmmn I don't get this lol
Answer:
Materials used in production go to Work in Process so;
= 936 + 1,690 + 767
= $3,393
The materials used in the general factory will go to Manufacturing Overhead.
Date Debit Credit
Jan 31 Work in Process $3,393
Manufacturing Overhead $ 667
Raw Materials Inventory $4,060
Hourly basis. Salaried employees are paid a flat fee to get the job done.