A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is O Work In Process Inventory 66,000 Raw Materials Inventory 66,000 O Direct Materials 66,000 O Manufacturing Overhead 75,000 O Work In Process Inventory 66,000 Indirect Materials 9,000 Work in Process Inventory 75,000 Raw Materials Inventory 75,000 Manufacturing Overhead 9,000 Raw Materials Inventory 75,000

Question

Demarion Arias

Business

21 August, 16:49

A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is O Work In Process Inventory 66,000 Raw Materials Inventory 66,000 O Direct Materials 66,000 O Manufacturing Overhead 75,000 O Work In Process Inventory 66,000 Indirect Materials 9,000 Work in Process Inventory 75,000 Raw Materials Inventory 75,000 Manufacturing Overhead 9,000 Raw Materials Inventory 75,000

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Lorenzo Frost · Answer 1

Work In Process Inventory 66,000 debit

Indirect Materials 9,000 debit

Raw Materials Inventory 75,000 credit

Explanation:

The accounting must represetn reality. In the credit, we will show the total decrease in our materials inventory, whch is for 75,000

In the debit we put the destination of it:

66,000 into WIP as they are linked to units

and 9,000 to factory overhead to later make the check for under or overapplied