10. A review of a company's Work-in-Process Inventory account found a debitfor materials of P67,000. If all procedures were performed in the correctmanner, this means that the firm:also recorded a credít to Manufacturing Supplies Inventory.a.b. was accounting for the usage of direct materials.was accounting for the usage of indirect materials.d. was accounting for the' usage of direct materials by also crediting theRaw-Material Inventory account.с.

Solution: Production costs incurred are debited to work in process in terms of direct materials…

10. A review of a company's Work-in-Process Inventory account found a debit for materials of P67,000. If all procedures were performed in the correct manner, this means that the firm: a. also recorded a credit to Manufacturing Supplies Inventory. b. was accounting for the usage of direct materials. was accounting for the usage of indirect materials. C. CCounting for the usage of direct materials by also crediting the

10. A review of a company's Work-in-Process Inventory account found a debit for materials of P67,000. If all procedures were performed in the correct manner, this means that the firm: a. also recorded a credit to Manufacturing Supplies Inventory. b. was accounting for the usage of direct materials. was accounting for the usage of indirect materials. C. CCounting for the usage of direct materials by also crediting the

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...

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