?

Managerial Accounting

Free Version

Upgrade subject to access all content

Easy

Journal Entry to Record the Assignment of Indirect Materials

MGRACT-5SLQTY

For a company using a job-order system, what is the journal entry to record \$55,200 of indirect materials being used in production during the month?

A
Journal entry: DEBIT CREDIT
Work in Process \$55,200
Overhead Control \$55,200
B
Journal entry: DEBIT CREDIT
Work in Process \$55,200
Raw Materials Inventory \$55,200
C
Journal entry: DEBIT CREDIT
Raw Materials Inventory \$55,200
Overhead Control \$55,200
D
Journal entry: DEBIT CREDIT
Overhead Control \$55,200
Raw Materials Inventory \$55,200