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

---

Definitions:

Electronics Company

A business entity that specializes in the manufacture, design, marketing, or sale of electronic goods and devices.

Employees

Individuals who are hired by employers to perform specific jobs in exchange for compensation, forming the workforce of a business or organization.

Car Dealer

A business that specializes in selling new or used cars at the retail level, typically based on a dealership contract with an automaker or sales subsidiary.

Frequencies

Refers to the number of times an event or data point occurs within a specified dataset or period.