Multiple Choice
Squirrel Co. operates in a lean manufacturing environment. For June production, Squirrel purchased 6,000 units of raw materials at $6.00 per unit on account. The journal entry required to record this transaction is:
A) Raw and In Process Inventory Accounts Payable 36,000
36,000
B) Cost of Goods Manufactured Accounts Payable 36,000
36,000
C) Finished Goods Accounts Payable 36,000
36,000
D) Raw Materials Inventory Accounts Payable 36,000
36,000
Correct Answer:
Verified
Correct Answer:
Verified
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