Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run, we can expect rev: 06_26_2018 Multiple Choice some firms to exit, causing the market price of corn to increase. new firms to enter, causing the market price of corn to decrease. new firms to enter, causing the market price of corn to increase. some firms to exit, causing the market price of corn to decrease.

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900