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28 April, 10:03

The entry for indirect materials (such as glue, etc.) requisitioned for use in production is which of the following?

a. raw materials inventory work-in-process inventory

b. work-in-process inventory accounts payable

c. work-in-process inventory raw materials inventory

d. none of the above

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  1. 28 April, 10:21
    0
    The accounting entry for raw materials or indirect materials such as glue, etc. requisitioned for use in production is considered as b. work-in-process inventory accounts payable because the material is still in requisition status and has not been bought yet. Not yet paid and further not used yet.
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Home » Business » The entry for indirect materials (such as glue, etc.) requisitioned for use in production is which of the following? a. raw materials inventory work-in-process inventory b. work-in-process inventory accounts payable c.
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