AVC Company has finished 200 units with a total standard direct materials costs of $18.000 and total standard conversion costs of S5.000. Under a just - in - time costing system, thejournal entry that is recorded for the 200 completed units moved to Finished Goods Inventory isO A. Finished Goods Inventory23,000Raw and In - Process inventory18,000Conversion Costs5,000O B. Finished Goods Inventory23,000Cash23.000OC. Finished Goods Inventory23,000Conversion Costs18,000Accumulated Deprecation5,000O D. Conversion Costs23,000Accounts Payable18,000Accumulated Depreciation5,000

Name: AVC Company has finished 200 units with a total standard direct mater
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Description: AVC Company has finished 200 units with a total standard direct materials costs of $18.000 and total standard conversion costs of S5.000. Under a just - in - time costing system, thejournal entry that is recorded for the 200 completed units moved to

Just in time costing system is where goods are ordered only when they are required . This reduces…

Answered: ess Inventory 18,000 5,000 23,000…

Business

Accounting

ess Inventory 18,000 5,000 23,000 23.000 23,000 18,000 еcation 5,000 23,000 18,000 reciation 5,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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