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Author Question: Which account is debited if materials costing $100,000 are sold? (Read 56 times)

xroflmao

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Question 1

Which account is credited if direct materials of $28,000 and indirect materials of $7,000 are sent to the manufacturing plant floor?
◦ Manufacturing Overhead Control for $35,000
◦ Work-in-Process Control for $35,000
◦ Accounts Payable Control for $21,000
◦ Materials Control for $35,000

Question 2

Which account is debited if materials costing $100,000 are sold?
◦ Revenues account
◦ Work-in-Process Control account
◦ Materials Control account
◦ Cost of Goods Sold account


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Marked as best answer by xroflmao on Mar 6, 2021

komodo7

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xroflmao

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)


apple

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Reply 3 on: Yesterday
Excellent

 

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