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When a job is completed in a job order system, the account ____________ is debited and the account ____________ is credited for the costs of
When a job is completed in a job order system, the account ____________ is debited and the account ____________ is credited for the costs of completing the job.
Question 14 options:
Work In Process, Finished Goods
Finished Goods, Work In Process
Finished Goods, Raw Materials
Work In Process, Raw Materials
Question 15
To reconcile underapplied factory overhead at the end of the year, the following journal entry would be made.
Question 15 options:
Debit Cost of Goods Sold, Credit Factory Overhead
Debit Factory Overhead, Credit Cost of Goods Sold
Debit Finished Goods, Credit Work In Process
Debit Work In Process, Credit Finished Goods
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