Answer the Following Questions Using the Information Below

question 2

Multiple Choice

Answer the following questions using the information below:
Jansen Corporation uses job costing in its' metal fabrication plant.During February Job 117 was completed and the scrap generated was not usable by other jobs.Job 124 was also completed in February and the scrap created was usable by other jobs.
-Which of the following is the correct journal entry if the scrap created by Job 124 is subsequently used by another job?

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Definitions:

Transformation

A broad term referring to the process of change or conversion, often used in the context of biological cellular change or mathematical transformations.

Swern Oxidation

A method of oxidizing primary and secondary alcohols to aldehydes and ketones using dimethyl sulfoxide (DMSO), oxalyl chloride, and a base.

NaOCl/TEMPO

A combination of sodium hypochlorite and TEMPO, used as an oxidizing agent system in organic chemistry for the selective oxidation of alcohols to aldehydes or ketones.

DMP Reagent

A powerful oxidizing agent, Dess-Martin Periodinane, used in organic chemistry to convert primary alcohols to aldehydes and secondary alcohols to ketones with high selectivity.