When raw materials are purchased on account for use in a process costing system,the corresponding journal entry that should be recorded will include:
A)A debit to Work in Process Inventory.
B)A debit to Accounts Payable.
C)A credit to Cash.
D)A debit to Raw Materials Inventory.
E)A credit to Raw Materials Inventory.

Question

Quizplus · Accepted Answer

Raw materials are debited to Raw Materials Inventory when purchased on account.

When Raw Materials Are Purchased on Account for Use in a Process