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16 June, 06:21

LO 4.2Which document lists the inventory that will be removed from the raw materials inventory?

job cost sheet

purchase order

materials requisition form

receiving document

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Answers (1)
  1. 16 June, 06:29
    0
    Material Requisition Form

    Explanation:

    Material requisition form is a request form generated by production team asking store department to issue material for process. Thus upon receipt of approved material requisition form, store issues the raw material from inventory.

    Job cost sheet is not correct answer as it is sheet used by firms using job order costing process to record total cost incurred on a job.

    Purchase order is a document used to place order to required goods and services. It is a source document for tracing actual order, goods receipt and invoices raised.

    Receiving document denotes the actual quantities of goods received at warehouse.
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