Genius

When materials are purchased, which of the following accounts is debited

When materials are purchased, which of the following accounts is debited 



1. Which of the following represents the cost of the jobs sold during the period? 
A. Raw Materials Inventory
B. Work in Process Inventory
C. Finished Goods Inventory
D. Cost of Goods Sold
2. When manufacturing overhead is applied to production, which of the following accounts is debited? 
A. Raw Materials Inventory
B. Work in Process Inventory
C. Finished Goods Inventory
D. Cost of Goods Sold
3. When materials are purchased, which of the following accounts is debited ? 
A. Raw Materials Inventory
B. Work in Process Inventory
C. Finished Goods Inventory
D. Cost of Goods Sold
4. When direct materials are used in production, which of the following accounts is debited? 
A. Raw Materials Inventory
B. Work in Process Inventory
C. Finished Goods Inventory
D. Cost of Goods Sold
5. When direct materials are used in production, which of the following accounts is credited? 
A. Raw Materials Inventory
B. Work in Process Inventory
C. Finished Goods Inventory
D. Cost of Goods Sold



Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
Answered
Other / Other
28 May 2016

Answers (1)

  1. Genius

    When materials are purchased, which of the following accounts is debited

    When materials are purchased, which of the following accounts is debited When materials are purchase ****** ******
    To see full answer buy this answer.
    Answer Attachments

    1 attachments —

    • img
      9357886.docx

Report As Dispute

Share Your Feedback

Give Review : A+ A B C D F