ABC produces ping-pong balls using a three-step sequential ...

[Anajune7]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing.  The purchase of materials includes a
◦ credit to manufacturing overhead.
◦ credit to raw materials inventory.
◦ debit to raw materials inventory.
◦ debit to WIP inventory-molding.

[sokh]

debit to raw materials inventory.

[brutforce]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing.  Requisition of materials to molding includes a
◦ debit to raw materials inventory.
◦ credit to raw materials inventory.
◦ credit to finished goods inventory.
◦ debit to manufacturing overhead.

[GCabra]

credit to raw materials inventory.

[altibaby]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing.  Which of the following accounts is credited when material requests are filled?
◦ Finished goods inventory
◦ Raw materials inventory
◦ WIP inventory-finishing
◦ Manufacturing overhead

[cloud]

Raw materials inventory

[tsand2]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing.  Which of the following accounts is debited for manufacturing overhead expenses incurred?
◦ WIP inventory-finishing
◦ Finished goods inventory
◦ Raw materials inventory
◦ Manufacturing overhead

[xthemafja]

Manufacturing overhead

[leo leo]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing.  Which of the following accounts is debited for conversion costs?
◦ Raw materials inventory
◦ Cost of goods sold
◦ Finished goods inventory
◦ WIP inventory-finishing

[amandalm]

WIP inventory-finishing