Question

Which of the following is a journal entry to recognize the disposal​ value? A. Manufacturing Overhead Control XXX WorkminusinminusProcess Control XXX B. Materials Control XXX WorkminusinminusProcess Control XXX C. Materials Control XXX WorkminusinminusProcess Control XXX Manufacturing Overhead Control XXX D. WorkminusinminusProcess Control XXX Manufacturing Overhead Control XXX Materials Control XXX

Answer 1

Answer:

B. Materials Control XXX Work in minus Process Control XXX

Explanation:

The journal entry is as follows

Material Control XXX

           To Work in process control

(Being the disposal value is recognized)

While recording this given entry we debited the material control account and credited the work in process control so that the correct posting could be done

Hence, the correct option is B.