Materials purchased on account during the month amounted to $190,000. Materials requisitioned and placed in production totaled $156,000. The journal entry to record the materials requisitioned by the production department is a. Work in Process 190,000 Materials 190,000 b. Work in Process 156,000 Materials 156,000 c. Materials 156,000 Work in Process 156,000 d. Work in Process 156,000 Cash 156,000

Question

Business

Sarai Bean

11 March, 17:31

Materials purchased on account during the month amounted to $190,000. Materials requisitioned and placed in production totaled $156,000. The journal entry to record the materials requisitioned by the production department is a. Work in Process 190,000 Materials 190,000 b. Work in Process 156,000 Materials 156,000 c. Materials 156,000 Work in Process 156,000 d. Work in Process 156,000 Cash 156,000

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Answers (1)

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Mathis · Answer 1

The correct answer is option (B).

Explanation:

According to the scenario, the journal entry for the following terms can be shown as follows:

Journal Entry

Work in process A/c Dr $156,000

To Material A/c $156,000

(Being the material requisitioned is recorded)

The journal entry has to be recorded for material requisitioned only, Hence option (B) is the correct answer.