The purchase of raw materials on account in a process costing system is recorded with a: O Debit to Purchases and credit to Cash. O Debit to Purchases and a credit to Accounts Payable. O Debit to Raw Materials Inventory and a credit to Accounts Payable. O Debit to Accounts Payable and a credit to Raw Materials Inventory. O Debit to Goods in Process Inventory and a credit to Accounts Payable.

The purchase of raw materials on account in a process costing system is recorded with a: O Debit to Purchases and credit to Cash. O Debit to Purchases and a credit to Accounts Payable. O Debit to Raw Materials Inventory and a credit to Accounts Payable. O Debit to Accounts Payable and a credit to Raw Materials Inventory. O Debit to Goods in Process Inventory and a credit to Accounts Payable.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 12MC: In a job order cost system, raw materials purchased are debited to which account? A. raw materials...

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