ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to Work In Process, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 90,000 Indirect materials issued to production 30,000 Total materials issued to production 110,000 Beginning materials inventory 50,000 The amount of direct materials issued is: Multiple Choice $110,000. $30,000. $90,000. $80,000. $50,000.
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to Work In Process, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 90,000 Indirect materials issued to production 30,000 Total materials issued to production 110,000 Beginning materials inventory 50,000 The amount of direct materials issued is: Multiple Choice $110,000. $30,000. $90,000. $80,000. $50,000.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...
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ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to Work In Process, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information:
| Total materials (direct and indirect) purchased | $ 90,000 |
|---|---|
| Indirect materials issued to production | 30,000 |
| Total materials issued to production | 110,000 |
| Beginning materials inventory | 50,000 |
The amount of direct materials issued is:
Multiple Choice
-
$110,000.
-
$30,000.
-
$90,000.
-
$80,000.
-
$50,000.
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