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Author Question: When a company purchases materials for use in the production process, the cost of those materials is ... (Read 88 times)

Facerro

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Question 1

Which of the following is not classified as manufacturing overhead?
◦ The cost of wages paid to the forklift operator in the factory
◦ The production foreman's salary
◦ The cost of wages for the plant manager
◦ The cost of depreciation on office equipment

Question 2

When a company purchases materials for use in the production process, the cost of those materials is recorded in which of the following accounts?
◦ Supplies Expense
◦ Work in Process Inventory
◦ Finished Goods Inventory
◦ Raw Materials Inventory


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Marked as best answer by Facerro on Feb 5, 2023

ekattan2

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Facerro

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


mammy1697

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Reply 3 on: Yesterday
:D TYSM

 

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