During May at Landreth Corporation, $81,000 of raw materialswere requisitioned f

Question

During May at Landreth Corporation, $81,000 of raw materialswere requisitioned from the storeroom for use in production. Theseraw materials included both direct and indirect materials. The indirect materials totaled $7000. The journal entry to recordthe requisition from the storeroom would include a: A. debit to Raw Materials of $81,000 B. debit to Work in Process of $81,000 C. credit to Manufacturing Overhead of $7,000 D. debit to Work in Process of $74,000 what are the steps to solve this problem? During May at Landreth Corporation, $81,000 of raw materialswere requisitioned from the storeroom for use in production. Theseraw materials included both direct and indirect materials. The indirect materials totaled $7000. The journal entry to recordthe requisition from the storeroom would include a: A. debit to Raw Materials of $81,000 B. debit to Work in Process of $81,000 C. credit to Manufacturing Overhead of $7,000 D. debit to Work in Process of $74,000 what are the steps to solve this problem?

Explanation / Answer

A. debit to Raw Materials of $81,000 C. credit to Manufacturing Overhead of $7,000 A. debit to Raw Materials of $81,000 C. credit to Manufacturing Overhead of $7,000 ALso we will make an entry credit to WIP of $74,000

credit to WIP of $74,000

credit to WIP of $74,000

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