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The journal entry to record the transfer of 1,600 units of part number 1177 with a value of $2.50 each, to work in process is:

a.Work in Process 4,000
Factory Overhead 4,000

b.Work in Process 4,000
Materials 4,000

c.Work in Process 4,000
Cash 4,000

d.Materials 4,000
Work in Process 4,000

Respuesta :

letmeanswer

Answer: The correct option is - B

Explanation:

The journal entry that will be recorded in the books of accounts if the transfer (1600 units) of the part number 1177 having the worth of $2.50 each, to work in process is  :

Work in process is to be debited with an amount of 4000

Material inventory is to be credited with an amount of 4000

Thus, the correct answer is B

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