Answer the Following Questions Using the Information Below

question 115

Multiple Choice

Answer the following questions using the information below:
Acme Inc.manufactures air compressors.For July there were no beginning inventories of direct materials,and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use,"Conversion Costs." Journal entries are recorded when materials are purchased and when units are transferred to finished goods inventory.Acme Inc.uses backflush costing.Variances are written off against Cost of Goods Sold when units are transferred to finished goods inventory.The following data pertains to July:

-Which of the following journal entries properly records Acme's direct material costs placed into production for the month of July?

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Definitions:

Grade Filter

A feature or tool used to sort or classify data, often educational grades, based on specified criteria or standards.

Sort A to Z

A function in data management and spreadsheet software that arranges data in ascending alphabetical or numerical order.

Number Filters

Features in data analysis and spreadsheet software that allow users to filter data sets based on numerical criteria, such as greater than, less than, or within a specific range.

VLOOKUP

A function in spreadsheet applications that searches for a value in the first column of a table array and returns a value in the same row from a specified column.