The journal entry to record the materials placed into production ...

[abc]

The journal entry to record the materials placed into production would include a ________.
 
  Wayland Manufacturing uses a normal cost system and had the following data available for 2010:
 
   Direct materials purchased on account  148,000
   Direct materials requisitioned 82,000
   Direct labor cost incurred 130,000
 
   Factory overhead incurred 146,000
   Cost of goods completed 292,000
   Cost of goods sold 256,000
 
   Beginning direct materials inventory 26,000
   Beginning WIP inventory 64,000
   Beginning finished goods inventory 58,000
   Overhead application rate, as a percent of direct-labor costs 125 percent
 
  A) credit to Direct Materials Inventory for 82,000
  B) debit to Direct Materials Inventory for 148,000
  C) credit to WIP Inventory for 82,000
  D) debit to WIP Inventory for 148,000

Question 2

Transactions are listed in the journal chronologically.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[Jane]

Answer to Question 1

Answer: A

Answer to Question 2

True

[abc]

YES! Correct, THANKS for helping me on my review

[chereeb]

Thanks for the timely response, appreciate it