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The Cost of Production Summary for Maha Industries Follows

Question 55

Multiple Choice

The cost of production summary for Maha Industries follows: The cost of production summary for Maha Industries follows: What is the journal entry to record materials issued into production? A) Finished goods 8,000 Materials 8,000 ​ B) Work-in-process 8,000 Materials 8,000 ​ C) Work-in-process 1,000 Materials 1,000 ​ D) Materials 8,000 Accounts payable 8,000 What is the journal entry to record materials issued into production?


A) Finished goods 8,000 Materials 8,000
​
B) Work-in-process 8,000 Materials 8,000
​
C) Work-in-process 1,000 Materials 1,000
​
D) Materials 8,000 Accounts payable 8,000

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