Question

A materials requisition slip showed that direct materials requested were $63,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is Question 1 options: Work In Process Inventory.......................................................... 63,000 Raw Materials Inventory............................................... 63,000 Direct Materials............................................................................ 63,000 Indirect Materials................................................................... 9,000 Work in Process Inventory........................................... 72,000 Manufacturing Overhead............................................................ 72,000 Raw Materials Inventory............................................... 72,000 Work In Process Inventory.......................................................... 63,000 Manufacturing Overhead...................................................... 9,000 Raw Materials Inventory............................................... 72,000

Answer 1

Answer: Option (D) is correct.

Explanation:

Given that,

Direct materials requested = $63,000

Indirect materials requested = $9,000

Therefore, the journal entry for recording the t/f of materials from the storeroom is as follows:

Work In Process Inventory a/c        Dr.   63,000

Manufacturing Overhead a/c          Dr.    9,000

 To Raw Materials Inventory a/c                              72,000

WIP would be debited with the amount of direct materials while Manufacturing Overhead account would be debited with the indirect materials and credit to Raw Materials Inventory account.