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Question 1 1 pts In a job order cost system, what is the entry to record the goods completed during the month? Debit Work In
Question 1 1 pts In a job order cost system, what is the entry to record the goods completed during the month? Debit Work In Process; Credit Finished Goods Debit Finished Goods; Credit Work In Process Debit Finished Goods; Credit Cost of Goods Sold Debit Finished Goods; Credit Cost of Goods Manufactured. Question 2 1 pts For which of the following businesses would the job order cost system be appropriate? Beverage Manufacturer Automobile Manufacturer 0 0 0 0 Oil Refinery O Construction Contractor Question 3 1 pts If the amount of factory overhead cost incurred is less than the amount applied, the factory overhead account will have a: Debit balance and be underapplied Credit balance and be underapplied Debit balance and be overapplied Credit balance and be overapplied Question 4 1 pts At the end of the period, the cost of the direct materials used in jobs that have been started but not completed is included where? Materials Inventory o Work in Process Inventory O Cost of Goods Sold Factory Overhead Question 5 1 pts The entry to record jobs sold and billed to customers would include a: Credit to Accounts Receivable Debit to Accounts Payable Debit to Accounts Receivable. 0 Credit to Cost of Goods Sold
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