A company that uses a job order costing system would make the following entry to record the flow of direct materials into production:
A. debit Finished Goods Inventory, credit Raw Materials Inventory.
B. debit Work in Process Inventory, credit Cost of Goods Sold.
C. debit Work in Process Inventory, credit Factory Overhead.
D. debit Factory Overhead, credit Raw Materials Inventory.
E. debit Work in Process Inventory, credit Raw Materials Inventory.
Answer: E
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Which of the following is/are true regarding the Finished Goods Inventory account?
a. This account measures the total manufacturing cost of units completed but not yet sold. b. The sale of manufactured goods to customers results in a transfer of their cost from the Finished Goods Inventory account to Cost of Goods Sold. c. The journal entry for the sale of the inventory to a customer is a debit to Cost of Goods Sold and a credit to Finished Goods Inventory. d. all of the above e. none of the above
Goal constraints can include ________ deviational variables
A) no B) some C) all D) multiple
State constitutions cannot include provisions other than those that govern the structure of state government
Indicate whether the statement is true or false
What are proxy fights?
A) Proxy fights are when two rival companies want the same voters. B) Proxy fights are battles for proxy votes between rival groups of share holders in separate companies. C) Proxy fights are battles for proxy votes between rival groups of share holders in the same company. D) Proxy fights are when shareholders fight over who will cast their votes. E) There is no such thing as a proxy fight.