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
D
You might also like to view...
In terms of U.S. business-to-business direct marketing expenditures, the largest category is:
A) television B) Internet marketing (non-e-mail) C) direct mail (non-catalog) D) telephone marketing
The Gulf Cooperation Council (GCC) includes all of the following countries except:
A) Kuwait. B) Saudi Arabia. C) Iraq. D) Bahrain. E) Oman.
Encoding can be defined as
A. the process by which the receiver reacts to the sender's message. B. the process by which messages are put into symbolic form. C. the process of translating messages from their symbolic form into a form that makes sense. D. the facts, ideas, feelings, reactions, or thoughts that exist within individuals and act as a set of filters for interpreting the decoded messages.
Which of the five behavioral sciences, related to organizational behavior, has a primary focus on the mental health and well-being of employees in relationship to their work performance?
A. psychology B. sociology C. social psychology D. political science