Ch 19 LO2 Record DM DL

The entry to record the purchase of direct materials on account would include a ________.

• debit to the Raw Materials Inventory account
• credit to the Work_in_Process Inventory account
• credit to the Raw Materials Inventory account
• debit to the Work_in_Process Inventory account

Which of the following accounts would be debited in the journal entry to record the issuance of direct materials?

• Finished Goods Inventory
• COGS
• Raw Materials Inventory
• WIP Inventory

Manufacturing Overhead is a temporary account used to ________ indirect production costs during the accounting period.

• allocate
• approximate
• accumulate
• assign

The journal entry to issue indirect materials to production should include a debit to the ________.

• Raw Materials Inventory account
• Work_in_Process Inventory account
• Manufacturing Overhead account
• Finished Goods Inventory account

The journal entry to record indirect labor costs incurred involves a debit to the ________.

• Manufacturing Overhead account
• Finished Goods Inventory account
• Wages Payable account
• Work_in_Process Inventory account

Uniq Works purchased raw materials amounting to $124,000 on account and $18,000 for cash. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction?

• Work _ in _ Process Inventory 142,000 Accounts Payable 142,000
• Finished Goods Inventory 142,000 Accounts Payable 142,000
• Accounts Payable 124,000 Cash 18,000 Raw Materials Inventory 142, 000
• Raw Materials Inventory 142,000 Cash 18,000 Accounts Payable 124,000

• $43,900
• $41,800
• $43,100
• $41,000