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Question
Which of the following journal entries correctly records the current months activity where $60,000 of direct material and $17,000 of indirect materials were used in the production process?
| A.. | Raw Materials Inventory | 77,000 | |
| Goods in Process Inventory | 60,000 | ||
| Factory Overhead | 17,000 | ||
| B. | Goods in Process | 77,000 | |
| Raw Materials Inventory | 77,000 | ||
| C. | Goods in Process | 17,000 | |
| Factory Overhead | 60,000 | ||
| Cash | 77,000 | ||
| D. | Goods in Process | 60,000 | |
| Factory Overhead | 17,000 | ||
| Raw Materials Inventory | 77,000 | ||
| E. | Raw Materials Inventory | 77,000 | |
| Cash | 77,000 | ||
Answer
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