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Artist 52 [7]
2 years ago
15

The journal entry to record June production activities for direct material usage is: Debit Raw Materials Inventory $87,000; cred

it Accounts Payable $87,000. Debit Raw Materials Inventory $87,000; credit Finished Goods Inventory $87,000. Debit Work in Process Inventory $87,000; credit Raw Materials Inventory $87,000. Debit Work in Process Inventory $87,000; credit Cost of Goods Sold $87,000.
Business
1 answer:
lawyer [7]2 years ago
7 0

Answer:

Debit Work in Process Inventory $87,000; credit Raw Materials Inventory $87,000

Explanation:

The journal entry to record the usage of the direct material is

work in process inventory $87,000

        To raw material inventory $87,000

(Being the usage of the direct material is recorded)

here the work in process inventory is debited as it increased the assets and credited the raw material inventory as it decreased the assets

Therefore the third option is correct

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When a country imposes tariffs, it is likely to cause
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lower prices for domestic production

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tariffs means

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3 0
2 years ago
Read 2 more answers
Listed below are four interbank cash transfers, indicated by the letters a, b, c and d, of a client for late December 20X1, and
zimovet [89]

Answer:

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Explanation:

C. Understated.

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d. Overstated.

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A higher quality them

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