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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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Posts: 4603
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9 years ago
Which of the following journal entries properly records the purchase of direct materials?
A) Accounts Payable Control   1,070,000
   Inventory: Raw and In-Process Control   1,070,000
B) Inventory: Raw and In-Process Control   1,070,000
   Accounts Payable Control   1,070,000
C) Inventory: Raw and In-Process Control   1,070,000
   Conversion Costs   1,070,000
D) Conversion Costs   1,070,000
   Inventory: Raw and In-Process Control   1,070,000
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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#1
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9 years ago
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jerico Author
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#2
9 years ago
This solved my problem perfectly, thank you for your kind input.
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#3
9 years ago
Cool! No problem.
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