I belong to a community of young moms and we stick together to prove that just because we are mothers doesn’t mean we are unable
Answer:
B. debit to WIP inventory
Explanation:
The journal entry to record the usage of direct material in production is
Work in Process Inventory Dr.
To Raw Material Inventory
(Raw materials consumed recorded)
Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.
Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.
Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.
John d. Rockefeller stands out among nineteenth-century business leaders because of his innovative organization called vertical integration.
<h3>What is vertical integration?</h3>
Vertical integration is a procedure that entails acquiring corporate operations in order to produce the same thing.
- When a business chooses vertical integration, they typically have control over some phases of product production and delivery.
- Vertical integration can also be defined as the union of businesses engaged in the same line of work but at various stages of production or distribution.
- For instance, because it involves many phases in its business, Amazon might be classified as one of the organizations with vertical integration.
- In addition to acting as a platform for buyers and sellers, Amazon also has its own distribution network and sells some of its own goods and services.
To learn more about vertical integration, visit:
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