Debits to work in process inventory, Accounting Basics

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Debits to work in process inventory

1.In a job order cost system, it would be correct in recording the purchases of raw materials to debit?

a.work in process inventory

b.work in process and manufacturing overhead

c.raw materials inventory

d. finished goods inventory

2. posting to control accounts in a costing system are made

a.monthly

b.daily

c.annually

d.semiannually

2. Debits to work in process inventory are acccompanied by a credit to all but which one of the following accounts?

a. Raw materials inventory

b.factory labor

c.manufacturing overhead

d. cost of good sols.

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Accounting Basics: Debits to work in process inventory

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Accounting Basics: Debits to work in process inventory

Reference No:- TGS0704787

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Recent Questions Asked Accounting Basics

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Accounting Basics: Debits to work in process inventory

Reference No:- TGS0704787

Recent Questions Asked Accounting Basics

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