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What entry to record transfer of materials from storeroom is

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Problem 1: A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is

1. Work In Process Inventory..... 66,000

Raw Materials Inventory....................66,000

2. Direct Materials...............................66,000
Indirect Materials.............................9,000
Work in Process Inventory..................... 75,000

3. Manufacturing Overhead..................75,000
Raw Materials Inventory.............................. 75,000

4. Work In Process Inventory..................66,000
Manufacturing Overhead.....................................9,000
Raw Materials Inventory.............................. 75,000

Group of answer choices

Option 1: Journal 4 is correct.

Option 2: Journal 2 is correct.

Option 3: Journal 3 is correct.

Option 4: Journal 1 is correct.

Reference no: EM132996416

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