Question
Question 9 - Under a perpetual inventory system, the sale of a manufactured product requires an entry debiting Cost of Goods Sold and crediting Finished
Question 9 - Under a perpetual inventory system, the sale of a manufactured product requires an entry
debiting Cost of Goods Sold and crediting Finished Goods. | |
debiting Cost of Goods Sold and crediting Work in Process. | |
debiting Finished Goods and crediting Work in Process. | |
debiting Finished Goods and crediting Cost of Goods Sold. |
Question 10 - When direct and indirect materials are issued into production from storage, an entry is made
debiting Work in Process, debiting Factory Overhead, and crediting Materials. | |
debiting Work in Process and crediting Materials. | |
debiting Materials, crediting Work in Process, and crediting Factory Overhead. | |
debiting Factory Overhead, crediting Work in Process, and crediting Materials. |
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