Answer:
Option (c) is correct.
Explanation:
Given that,
Raw materials on hand = $32,000
Purchased an additional raw materials = $78,000
During November,
Raw materials were requisitioned = $95,000
Totaled indirect materials = $3,000
The journal entry is as follows:
Work in process inventory (95,000 - 3,000) A/c Dr. $92,000
Manufacturing overhead A/c Dr. $3,000
To Raw material A/c $95,000
The work in process is debited by $92,000 and raw material is credit by $95,000.
