Under the job-cost system using periodic inventory system, issues of direct materials from warehouse to production are credited to
Under the job-cost system using periodic inventory system, issues of direct materials from warehouse to production are credited to
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1.Under the job-cost system using periodic inventory system, issues of direct materials from warehouse to production are credited to?
a.Materials
b.Work in process
c.Finished goods
d.None of the above
2. Under the job-order costing system, the peso amount of the entry involved in the transfer of inventory from work in process to finished goods is the sum of the costs charged to all jobs;
a.completed and sold during the period
b.in process during the period
c.started in process during the period
d.completed during the period
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