Question

diaz company uses process costing in its 2 processing departments; assembling and finishing. if the assembly department requisitioned direct materials to be used in production, totaling $80,000, which one of the following journal entries would be made to record this transaction? WIP inventory – materials 80,000 WIP inventory -' assembly 80,000 raw materials inventory 80,000 finished goods inventory 80,000

a. WIP Inventory – assembly 80,000

b. raw materials inventory 80,000

c. WIP inventory – assembly 80,000

d. cost of goods sold 80,000

e. none of the above

Place New Order
It's Free, Fast & Safe

"Looking for a Similar Assignment? Order now and Get a Discount!