At the time they are used, raw materials, direct labor, and applied overhead costs are recorded in
A) raw materials inventory
B) finished goods
C) work in process
D) cost of goods sold
C
You might also like to view...
Which one of the following represents a control deficiency?
a. A missing control that is required for achievement of objectives. b. A control that operates as designed. c. A control that ensures the reliability of financial reporting. d. A control that does not prevent immaterial errors.
Grace Corporation issued 60,000 shares of $5 par value common stock for $600,000. The journal entry to record the transaction is:
A) Cash 600,000 Common Stock 600,000 B) Cash 300,000 Common Stock 300,000 C) Cash 600,000 Common Stock 300,000Additional Paid-In Capital 300,000 D) Cash 300,000 Additional Paid-In Capital 300,000
Parallelism is especially important in _____________
a. technical documents b. legal documents c. lists d. captions
Innovation is a strategic goal in organizations because it
A. does not come from people. B. exists in a vacuum. C. comes from people. D. does not give a competitive advantage. E. cannot be managed properly.