Perez Manufacturing purchased raw materials worth $8,000 on account. The journal entry to record the purchase of raw materials on account is​ ________. Process costing is used.   A. debit Raw Materials​ Inventory, $8,000​; credit Accounts​ Payable, $8,000   B. debit Account​ Payable, $8,000​; credit Raw Materials​ Inventory, $8,000   C. debit​ Cash, $8,000​; credit Raw Materials​ Inventory, $8,000   D. debit Raw Materials​ Inventory, $8,000​; credit​ Cash,

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.