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17 December, 03:17

LO 4.7In a job order cost system, raw materials purchased are debited to which account?

raw materials inventory

work in process inventory

finished goods inventory

cost of goods sold

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  1. 17 December, 03:33
    0
    Raw materials inventory

    Explanation:

    Since the raw material is purchased which increase the stock account so we debited it and for purchasing the raw material, the cash is given or it can takes on credit so we credited it

    So, the journal entry would be

    Raw material A/c Dr

    To Cash A/c

    (Being raw material purchased for cash)

    Raw material A/c Dr

    To Accounts payable A/c

    (Being raw material purchased on credit)
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