A materials requisition slip showed that direct materials requested were $63,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is Question 1 options: Work In Process Inventory ... 63,000 Raw Materials Inventory ... 63,000 Direct Materials ... 63,000 Indirect Materials ... 9,000 Work in Process Inventory ... 72,000 Manufacturing Overhead ... 72,000 Raw Materials Inventory ... 72,000 Work In Process Inventory ... 63,000 Manufacturing Overhead ... 9,000 Raw Materials Inventory ... 72,000

Question

Business

Grayson Bond

10 May, 16:46

A materials requisition slip showed that direct materials requested were $63,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is Question 1 options: Work In Process Inventory ... 63,000 Raw Materials Inventory ... 63,000 Direct Materials ... 63,000 Indirect Materials ... 9,000 Work in Process Inventory ... 72,000 Manufacturing Overhead ... 72,000 Raw Materials Inventory ... 72,000 Work In Process Inventory ... 63,000 Manufacturing Overhead ... 9,000 Raw Materials Inventory ... 72,000

+5

Answers (1)

Know the Answer?

Damarion Cline · Answer 1

Answer: Option (D) is correct.

Explanation:

Given that,

Direct materials requested = $63,000

Indirect materials requested = $9,000

Therefore, the journal entry for recording the t/f of materials from the storeroom is as follows:

Work In Process Inventory a/c Dr. 63,000

Manufacturing Overhead a/c Dr. 9,000

To Raw Materials Inventory a/c 72,000

WIP would be debited with the amount of direct materials while Manufacturing Overhead account would be debited with the indirect materials and credit to Raw Materials Inventory account.