Question 710 pts

When finished goods are sold, the entry to record the cost of goods sold includes

a debit to Finished Goods Inventory and a credit to Cost of Goods Sold.

a debit to Cost of Goods Sold and a credit to Sales.

a debit to Cost of Goods Sold and a credit to Finished Goods Inventory.

a debit to Finished Goods Inventory and a credit to Sales.

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Question 810 pts

The two sections of the cost of production report are

the total to be accounted for and the total accounted for.

the costs assigned to the goods transferred out and the costs assigned to the goods still in process

he summary of quantities and the summary of costs.

beginning inventory plus goods started and goods transferred out and ending inventory.

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Question 910 pts

The total accounted for consists of

the units started in production.

the units transferred out and the units in ending work in process.

the units started and the units transferred out.

. the units transferred out and the units completed.

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Question 1010 pts

The current department costs categories are

work in processbeginning costs, started in production costs, and transferred in costs.

materials costs, labor costs, and manufacturing overhead costs.

work in processbeginning costs, transferred out to next department costs, and work in processending costs.

started in production costs, transferred in from prior department costs, and transferred out to next department costs.