BUS 215

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

costs of goods manufactured _______________

the manufacturing costs associated with the goods that were finished during the period

A company requisitioned $40,000 in direct materials and $30,000 in indirect materials from the storeroom to be used in production. The journal entry to record this transaction would debit ______.

Work in process $40,000, debit Manufacturing overhead $30,000 and credit Raw materials $70,000

The journal entry to record the purchase of materials credits

accounts payable

When jobs are sold their costs are transferred out of:

finished goods


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