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Author Question: Haven Industries purchased 1,000 units of product at a cost of $1.20 per unit. Haven's standard ... (Read 423 times)

amymoore

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on: Feb 5, 2023
Haven Industries purchased 1,000 units of product at a cost of $1.20 per unit. Haven's standard price per unit was set at $1.10. Which of the following is the correct journal entry to record the purchase?
◦
Accounts Payable1,100​
Direct Materials Price Variance100​
    Raw Materials Inventory​1,200

◦
Raw Materials Inventory1,200​
    Direct Materials Price Variance​100
    Accounts Payable​1,100

◦
Raw Materials Inventory1,100​
Direct Materials Price Variance100​
    Accounts Payable​1,200

◦
Accounts Payable1,200​
    Direct Materials Price Variance​100
    Raw Materials Inventory​1,100
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by amymoore on Feb 5, 2023

Nutellas_Good

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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amymoore

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

abro1885

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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