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Home Q & A Board Other Fields Homework Help Business Accounting
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thenamehobbs thenamehobbs
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A year ago

Firebaugh 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$520,000
Raw materials (all direct) requisitioned for use in production$467,000

What is the journal entry to record raw materials used in production?



▸
DebitCredit
Raw Materials520,000
Work in Process520,000


▸
DebitCredit
Raw Materials467,000
Work in Process467,000


▸
DebitCredit
Work in Process520,000
Raw Materials520,000


▸
DebitCredit
Work in Process467,000
Raw Materials467,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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SagxarSagxar
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A year ago
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thenamehobbs Author
wrote...

A year ago
Thanks
dearsophia21
wrote...

Yesterday
Good timing, thanks!
Liarec
wrote...

2 hours ago
Thanks for your help!!
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