Squirrel Co

question 2

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