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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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