Showing posts with label purchase of materials. Show all posts
Showing posts with label purchase of materials. Show all posts

Saturday, October 19, 2019

The entry to record the purchase of materials on account using a job costing system would include a:

The entry to record the purchase of materials on account using a job costing system would include a:




A) debit to materials inventory.
B) debit to accounts payable.
C) debit to work in process inventory.
D) credit to work in process inventory.


Answer: A

In job costing, direct materials used in production are debited to which of the following?



A) manufacturing overhead
B) work in process inventory
C) finished goods inventory
D) either manufacturing overhead or work in process inventory


Answer: B

Which of the following would be debited to record the requisition of direct materials?



A) materials inventory
B) work in process inventory
C) finished goods inventory
D) cost of goods manufactured


Answer: B

Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated

Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated by the simplified s...