1 pts Question 5 MMM has a standard for its direct materials of 3 lbs...
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1 pts Question 5 MMM has a standard for its direct materials of 3 lbs of material @ $15 per lb. to make one unit of inventory. During the year, they purchased and used 6,000 lbs of materials. The materials purchased cost $91,000. MMM made 2,050 units of inventory during the year. The journal entry to record the DM used under standard costing would include which of the following? Credit to Raw Materials 92,250 O Debit to WIP 90,000 Credit to Raw Materials 91.000 Debit to WIP 92.250
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