Wedd Corporation had $35,000 of raw materials on hand on May 1. During the month

ID: 2379067 • Letter: W

Question

Wedd Corporation had $35,000 of raw materials on hand on May 1. During the month, the company purchased an additional $68,000 of raw materials. During May, $92,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $5,000. The debits to the Work in Process account as a consequence of the raw materials transactions in May total:
Wedd Corporation had $35,000 of raw materials on hand on May 1. During the month, the company purchased an additional $68,000 of raw materials. During May, $92,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $5,000. The debits to the Work in Process account as a consequence of the raw materials transactions in May total:

Explanation / Answer

Hi,

Please find the answer as follows:

Amount Debited to Work in Process Account = 92000 (Material Requsitioned) - 5000 (Indirect Materials) = 87000

Answer is 87000

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Wedd Corporation uses activity-based costing to assign overhead costs to product

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Wedd Corporation had $35,000 of raw materials on hand on May 1. During the month

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