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Which of the following is an incorrect entry to record the flow of manufacturing costs through the accounts? A. Cost of goods sold  XX   Work-in-process   XX B. Work-in-process XX   Manufacturing overhead applied   XX C. Work-in-process XX   Manufacturing overhead control XX   Stores control   XX D. Stores control XX   Accounts payable   XX

Which of the following is an incorrect entry to record the flow of manufacturing costs through the accounts? A. Cost of goods sold  XX   Work-in-process   XX B. Work-in-process XX   Manufacturing overhead applied   XX C. Work-in-process XX   Manufacturing overhead control XX   Stores control   XX D. Stores control XX   Accounts payable   XX

FINANCIAL ACCOUNTING
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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Which of the following is an incorrect entry to record the flow of manufacturing costs through the accounts?

  • A.
    Cost of goods sold 
    XX
     
    Work-in-process
     
    XX
  • B.
    Work-in-process
    XX
     
    Manufacturing overhead applied
     
    XX
  • C.
    Work-in-process
    XX
     
    Manufacturing overhead control
    XX
     
    Stores control
     
    XX
  • D.
    Stores control
    XX
     
    Accounts payable
     
    XX
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