Answer Happy

When direct materials are requisitioned from the storage warehouse and transferred to the production floor, the journal entry to record this transfer in the general ledger would result in: A credit to Materials Inventory and a debit to Cost of Goods Sold O A debit to Materials Inventory and a credit to Work in Process Inventory O A credit to Materials Inventory and a debit to Work in Process Inventory A credit to Materials Inventory and a debit to Finished Goods Inventory