In a job-order costing system, manufacturing overhead applied is recorded as a debit to:

A. Raw Materials inventory
B. Finished Goods inventory
C. Work in Process inventory
D. Cost of Goods Sold

Question

03-01-2020
Business

contestada

In a job-order costing system, manufacturing overhead applied is recorded as a debit to:

A. Raw Materials inventory
B. Finished Goods inventory
C. Work in Process inventory
D. Cost of Goods Sold

Respuesta :

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andromache andromache · Answer 1 · 2020-01-04T06:38:26+01:00

Answer:

C. Work in Process inventory

Explanation:

As there are three cycles through which the product passes i.e raw material, work in progress and the finished goods

After going to work in progress, the next stage is finished goods through which the product passes and then finally the product is ready to sale

The manufacturing overhead deals with the indirect cost i.e indirect material, indirect labor, etc and then it reported to the debit side of the work in process inventory

In a job-order costing system, manufacturing overhead applied is recorded as a debit to: A. Raw Materials inventory B. Finished Goods inventory C. Work in Process inventory D. Cost of Goods Sold

Respuesta :

Otras preguntas

In a job-order costing system, manufacturing overhead applied is recorded as a debit to:

A. Raw Materials inventory
B. Finished Goods inventory
C. Work in Process inventory
D. Cost of Goods Sold