Use the Information Below to Answer the Following Question(s)

question 341

Multiple Choice

Use the information below to answer the following question(s) .
Here is some basic data for Wharton Company:

-For Wharton Company the journal entry to record the cost of direct materials placed into production involves a

• A) debit to Manufacturing Overhead for $41,000.
• B) debit to Work in Process Inventory for $43,000.
• C) debit to Work in Process Inventory for $41,000.
• D) credit to Manufacturing Overhead for $2,000.

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Definitions:

Comma Style

A formatting style in spreadsheet applications that applies commas as thousands separators and adjusts the decimal point for numbers.

Cell Value

In spreadsheet applications, the data or formula contained within a cell, which can be text, numbers, dates, or logical values.

Cell Default

The pre-set value or format of a cell in spreadsheet software, which can be automatically applied to new or existing cells.

Formatting

Refers to the process of arranging or modifying the appearance of text and objects within a document, such as fonts, colors, and layout.