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Question 14 When a job or goods are completed, the Cost of Goods Sold account is debited and the Work in Process account is credited.
Question 14 When a job or goods are completed, the Cost of Goods Sold account is debited and the Work in Process account is credited. the Finished Goods account is debited and the Work in Process Inventory account is credited. its costs are removed from the Finished Goods account and added to Cost of Goods Sold. its cost is removed from the Work in Process Inventory account and added to Cost of Goods Sold. WileyPLUS 5 A materials requisition slip showed that total materials requested were $21210 with $710 of this amount consisting of indirect materials. What entry is made to record the transfer of materials from the storeroom? O Work in Process Inventory Manufacturing Overhead Raw Materials Inventory 20500 710 21210 21210 O Work in Process Inventory Raw Materials Inventory 21210 20500 710 O Direct Materials Indirect Materials Work in Process Inventory 21210 21210 Manufacturing Overhead Raw Materials Inventory 21210 Question 18 WileyPLUS "Ti Jurand Company began the period with no units in process and in Finished Goods inventory. During the period they began 90000 units and completed 76000 units. If equivalent units for the period totalled 84190, then the units in process were what percent complete? (rounded) O 58.50% O 84.44% 90.27% O 16.63%
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