Andrew Industries Purchased $165,000 of Raw Materials on Account During

question 44

Multiple Choice

Andrew Industries purchased $165,000 of raw materials on account during the month of March.The beginning Raw Materials Inventory balance was $22,000,and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials.What journal entry should Andrew use to account for direct materials used in March?

• A)Debit Raw Materials Inventory $141,000;credit Accounts Payable $141,000.
• B)Debit Work in Process Inventory $141,000;credit Raw Materials Inventory $141,000.
• C)Debit Work in Process Inventory $141,000;credit Accounts Payable $141,000.
• D)Debit Finished Goods Inventory $22,000;credit Raw Materials Inventory $22,000.
• E)Debit Raw Materials Inventory $153,000;credit Work In Process $153,000.

Explain various mating systems in animals and the advantages and disadvantages of each.

Understand the various ways animals communicate and the benefits of these methods.

Know the basic principles of animal learning, including types and benefits.

Grasp the concept of biological rhythms, including the location and function of the biological clock in mammals.

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Definitions:

Asset Value

The monetary worth of physical or intangible property owned by an individual or business.

Deadline

A specific date or time by which a task, project, or assignment must be completed.

Corporate Price

The price at which a corporation offers its products or services to customers, often influenced by costs, market demand, and competitive landscape.

Overbooking

The practice, often used in the travel and hospitality industry, of accepting more reservations than there is available capacity, based on predictions of last-minute cancellations.