On January 15, $2,900 of direct materials were requisitioned for production of J
ID: 2565655 • Letter: O
Question
On January 15, $2,900 of direct materials were requisitioned for production of Job 345. From the following, select the correct journal entry to record the transaction on the day the materials were requisitioned by the production department.
Question 12 options:
Jan 15 Work in Process 2,900
Factory Overhead 2,900
Jan 15 Materials 2,900
Work in Process 2,900
Jan 15 Work in Process 2,900
Cash 2,900
Jan 15 Work in Process 2,900
Materials 2,900
Save
Jan 15 Work in Process 2,900
Factory Overhead 2,900
Jan 15 Materials 2,900
Work in Process 2,900
Jan 15 Work in Process 2,900
Cash 2,900
Jan 15 Work in Process 2,900
Materials 2,900
Explanation / Answer
The correct answer is:
Jan 15 Work in Process 2,900
Materials 2,900
Note :
The Work in Progress is increased and the material inventory is decreased.