1 answer

Minstrel Manufacturing uses a job order costing system. During one month Mar che S ocio oro...

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Minstrel Manufacturing uses a job order costing system. During one month Mar che S ocio oro materials on Cre e d mistetaks to
Minstrel Manufacturing uses a job order costing system. During one month Mar che S ocio oro materials on Cre e d mistetaks to production of $195,000 of which $30000 were Indirect Merrel incurred a factory rol of 0 of which $40,000 was indirect labor Ministre des prodotermed overhead rate of 10% of direct labor cost The journal entry to record the cance of materials to production is 3 24 Multiple Choice Debt Row Materials tory $495.000, cred Accounts Payable O Debt Row Materials Inventory $495.000.cred Work Process Inventory $185.000 Det Work In Process Inventory $65.000 debit Factory Overhead $30,000 credit Raw Mater vemory $195,000 Det Work in Process Inventory$195.000 credit Raw Mater Inventory $195.000 O Debitished Goods inventory 596.000 Ma v ory $195.000

Answers

Journal entry here will be as follows :
Dr. Cr.
Work in process inventory 165000
Factory overhead 30000
     Raw materials inventory 195000
So, the answer is : Debit work in process inventory $165,000, debit Factory overhead $30,000; credit raw materials inventory $195,000
.

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