Broxsie Fabrication, Inc. issued $60,000 of direct materials and $15,500 of indirect materials to production. Prepare the journal entry to record the transaction
What will be an ideal response
Work-in-Process Inventory 60,000
Manufacturing Overhead 15,500
Raw Materials Inventory 75,500
You might also like to view...
Which of the following statements is false with respect to bonds?
a. Firms issue bonds in very large single issues. b. Bonds must be held until maturity by the initial investor. c. The denomination of the bond is usually referred to as the face value. d. Bonds that are not backed by specific collateral of the issuing company are known as debenture bonds.
Which is not a trait of the perfect leader according to Machiavelli?
a. Ability to manipulate b. Bold in action c. Stealthy when needed d. Negotiating in an ethical manner
Passive communicators usually feel confident and choose to make decisions
Indicate whether the statement is true or false
Katie, a researcher, submits a specific document to Sayeed, the marketing manager of GK Corp. The document serves as a written contract between Katie and Sayeed and lists the activities that will be undertaken by Katie to develop the needed information, the research deliverables, how long it will take, and what it will cost. In this scenario, Katie has most likely submitted _____.
A. a questionnaire design B. the research design C. a methodology transcript D. the final research report E. a research proposal