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URNAL ID Interdepartmental Requisition and Journal Entry Form DATE DEPARTMENT NAME CONTACT SEND TO: TELEPHONE NO. APPROVED BY APPROVER'S SIGNATURE Printing Services Bookstore Campus Services Union Copy Computer Store User Services Chemistry Parking Service Biology (Date Received) (Job Number) Other (please specify) DATE REQUIRED LOCATION FOR DELIVERY Ref# INVOICE BUYING DEPARTMENT CHARTFIELDS DEPT ID FUND PROJECT CF1 (Optional) CF2 (Optional) CF3 (Optional) RESRC TY.

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The entry to record the indirect material is to debit manufacturing overhead and credit raw materials inventory.

When raw materials are issued to production, raw material inventory will decrease and the cost of work in progress will increase. To reflect this, raw material inventory will be credited and work in progress will be debited. Therefore, (D) Debit work-in-progress; credit raw materials inventory is the correct answer.

Work in progress WIP accounting entries don't include raw materials or finished goods inventory. Instead, the WIP inventory journal entry includes the total amount of raw materials that are necessary to produce a specific item because these costs of materials first appear at the start of the production process.

The journal entry to record direct materials used in production includes a debit to Work in Process Inventory. Overhead is applied to each job based on the actual amount of the activity base used for that job. The schedule of cost of goods manufactured for a job costing system includes total actual factory overhead.

Expert-Verified Answer The correct journal entry for the requisition of indirect materials includes a debit to the Manufacturing Overhead account and a credit to the Raw Materials Inventory account. This reflects the appropriate accounting treatment for materials that are not directly incorporated into products.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232