The Journal Entry to Record the Flow of Costs into Department

question 55

Multiple Choice

The journal entry to record the flow of costs into Department 1 during the period for direct materials is

• A) Work in Process-Department 1 100,000
• Materials 100,000
• B) Work in Process-Department 1 55,000
• Materials 55,000
• C) Materials 100,000
• Work in Process-Department 1 100,000
• D) Materials 55,000
• Work in Process-Department 1 55,000

---

Definitions:

Flexibility

The ability to adapt and change in response to altering conditions and circumstances.

Restructuring Strategy

An organizational approach aimed at modifying its business structure, operations, or financial arrangement to improve efficiency, productivity, or adapt to market changes.

Operating At A Surplus

The condition in which a company or organization's revenues exceed its expenditures, leading to a positive financial position.

Money-Making

The process of generating revenue or profit, often considered as the primary goal of a business.