Biology Forums - Study Force

Haven Industries transferred 5,500 units of raw material into production to produce 2,500 units.  The standard quantity of raw material required for each unit is 2 and the standard cost is $1.20 per unit. Which of the following is the correct journal entry to record the transfer?

▸

Raw Materials Inventory	6,000	​
Direct Materials Quantity Variance	600	​
Work in Process Inventory	​	6,600

▸

Work in Process Inventory	6,000	​
Direct Materials Quantity Variance	600	​
Raw Materials Inventory	​	6,600

▸

Raw Materials Inventory	6,600	​
Direct Materials Quantity Variance	​	600
Work in Process Inventory	​	6,000

▸

Work in Process Inventory	6,600	​
Direct Materials Quantity Variance	​	600
Raw Materials Inventory	​	6,000

Content hidden