Triple M Corporation Manufactures Module Homes

question 83

Multiple Choice

Triple M Corporation manufactures module homes. Assume that Triple M uses a job costing system. During June of the current year, the following transactions occurred:
Triple M purchased $4,500 of lumber on account.
Triple M used $3,750 of lumber in production and incurred 50 hours of direct labour hours at $15 per hour.
Depreciation of $1,500 was recorded on equipment used to build houses.
A house that was completed last period at a cost of $150,000 was sold for $180,000 in cash.
-Refer to the Figure.What journal entry should be used to record the requisition of lumber for Triple M?

• A)debit to work in process of $4,500
• B)debit to materials inventory of $3,750
• C)credit to finished goods of $3,750
• D)debit to work in process of $3,750

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Definitions:

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