$ 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 :