$ 25,560 Units completed and transferred to next Department during October 44,000
What was the materials cost of work in process at on October 31? 4. Question:
( TCO F) In a job-order costing system, the use of direct materials that have been previously purchased is recorded as a debit to:
5. Question:
( TCO F) During December at Ingrim Corporation, $ 74,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $ 6,000. The journal entry to record the requisition from the storeroom would include a:
6. Question:
( TCO F) Valles Corporation had $ 22,000 of raw materials on hand on February 1. During the month, the company purchased an additional $ 75,000 of raw materials. The journal entry to record the purchase of raw materials would include a:
1. Question:
( TCO F) Whether a company uses process costing or job-order costing depends on its industry. A number of companies in different industries are listed below: