In either a job order or a process costing system,credits to the Materials Inventory account represent:
A)The cost of materials purchased during the period.
B)The cost of materials relating to finished goods.
C)The cost of unused materials returned to the inventory.
D)The cost of materials placed into production.

Question

Quizplus · Accepted Answer

Credits to the Materials Inventory account represent the cost of materials placed into production, whether in a job order or a process costing system. This account is credited when materials are issued to production and debited when materials are purchased or returned.

In Either a Job Order or a Process Costing System,credits