7. The entry to record the purchase of materials using a job costing system would include aO credit to work-in-process inventory.O debit to accounts payable.O debit to raw materials inventory.O debit to work-in-process inventory.

The question is based on the concept of Cost Accounting. Job costing is used in manufacturing entity…

7. The entry to record the purchase of materials using a job costing system would include Ocredit to work-in-process inventory. O debit to accounts payable. O debit to raw materials inventory. O debit to work-in-process inventory.

7. The entry to record the purchase of materials using a job costing system would include Ocredit to work-in-process inventory. O debit to accounts payable. O debit to raw materials inventory. O debit to work-in-process inventory.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 12MC: In a job order cost system, raw materials purchased are debited to which account? A. raw materials...

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Question

7. The entry to record the purchase of materials using a job costing system would include a
O credit to work-in-process inventory.
O debit to accounts payable.
O debit to raw materials inventory.
O debit to work-in-process inventory.

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In a job order cost system, indirect labor incurred is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
In a job order cost system, overhead applied is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
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