Asked by Aufata Aiesi on Jun 04, 2024
Verified
A materials requisition slip showed that direct materials requested were $66000 and indirect materials requested were $9000. The entry to record the transfer of materials from the storeroom is a.
Work In Process Inventory 66,000 Raw Materials Inventory 66,000\begin{array}{llr} \text { Work In Process Inventory } &66,000\\ \text { Raw Materials Inventory } &&66,000\\\end{array} Work In Process Inventory Raw Materials Inventory 66,00066,000
b.
Direct Materials 66,000 Indirect Materials 9,000 Work In Process Inventory 75,000\begin{array}{llr} \text { Direct Materials } &66,000\\ \text { Indirect Materials } &9,000\\ \text { Work In Process Inventory } &&75,000\end{array} Direct Materials Indirect Materials Work In Process Inventory 66,0009,00075,000
c.
Manufacturing Overhead 75,000 Raw Materials Inventory 75,000\begin{array}{llr} \text { Manufacturing Overhead } &75,000\\ \text { Raw Materials Inventory } &&75,000\\\end{array} Manufacturing Overhead Raw Materials Inventory 75,00075,000
d.
Work In Process Inventory 66,000Manufacturing Overhead 9,000 Raw Materials Inventory 75,000\begin{array}{llr} \text { Work In Process Inventory } &66,000\\ \text {Manufacturing Overhead } &9,000\\ \text { Raw Materials Inventory } &&75,000\end{array} Work In Process Inventory Manufacturing Overhead Raw Materials Inventory 66,0009,00075,000
Materials Requisition Slip
A document used to request and authorize the removal of materials from inventory for production or other internal use.
Direct Materials
Raw materials directly used in the production of goods, easily traceable to the finished product.
Indirect Materials
Materials used in the production process that cannot be directly linked to a specific product, such as lubricants for machinery.
- Assess the effects that direct and indirect materials plus labor have on the pricing of products.
Verified Answer
SR
Learning Objectives
- Assess the effects that direct and indirect materials plus labor have on the pricing of products.