Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:   Raw materials purchased on account$475,000Raw materials (all direct) requisitioned for use in production$476,000Direct labor cost$640,000Manufacturing overhead:  Indirect labor cost$174,000Other manufacturing overhead costs incurred$498,000Cost of goods manufactured$1,469,000Cost of goods sold (unadjusted)$1,430,000 What is the journal entry to record raw materials used in production?

A.

 
Raw Materials476,000 
Work in Process 476,000

B.
 
Work in Process475,000 
Raw Materials 475,000

C.
 
Raw Materials475,000 
Work in Process 475,000

D.
 
Work in Process476,000 
Raw Materials 476,000


Answer: D

Business

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