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Please answer ALL of the questions 13. Current Assets for a manufacturer include: A. Accounts receivable, Merchandise inventory, Raw materials B. Accounts receivable, Merchandise inventory,
Please answer ALL of the questions
13. Current Assets for a manufacturer include: A. Accounts receivable, Merchandise inventory, Raw materials B. Accounts receivable, Merchandise inventory, Work-in-Process inventory C. Accounts receivable, Work-in-Process Inventory, Finished Goods inventory D. Both B and C 14. For the Fiscal (Calendar) Year ending 12/31/2019, Ending Inventory of Work in Process is added to "Total Manufacturing Costs to Account for" in determining Cost of Goods Manufactured. TRUE FALSE 17. A company that produces a large number of standardized units would use a process costing system. TRUE FALSE 18. The cost of direct materials and direct labor are debited to Factory (Manufacturing) overhead. TRUE FALSE 19. In a Job Order Costing system, there should be a strong "cause-and-effect" relationship between the overhead allocation base and overhead costs. TRUE FALSEStep by Step Solution
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