Squirrel Co

question 114

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 36,000
• Accounts Payable 36,000
• B) Cost of Goods Manufactured 36,000
• Accounts Payable 36,000
• C) Finished Goods 36,000
• Accounts Payable 36,000
• D) Raw Materials Inventory 36,000
• Accounts Payable 36,000

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Definitions:

Binet-Simon Scale

A psychological test originally designed to assess intelligence through a series of tasks measuring various cognitive abilities.

Mental Age

A measure of an individual's mental attainment based on the age at which it takes the average individual to reach that same level of attainment.

Original

Pertaining to something that is the first of its kind or unique in its context.

Mental Age

A measure of an individual's mental attainment based on the age at which it takes an average individual to reach that same level of attainment.