BUS 215
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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