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Author Question: When using a standard costing system, which of the following should be recorded when finished goods are sold? (Read 480 times)

rissygurl1124

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on: Feb 5, 2023
When using a standard costing system, which of the following should be recorded when finished goods are sold?
◦ Debit Cost of Goods Sold for actual cost, and credit Finished Goods Inventory for actual cost.
◦ Debit Cost of Goods Sold for standard cost, and credit Finished Goods Inventory for actual cost.
◦ Debit Cost of Goods Sold for actual cost, and credit Finished Goods Inventory for standard cost.
◦ Debit Cost of Goods Sold for standard cost, and credit Finished Goods Inventory for standard cost.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by rissygurl1124 on Feb 5, 2023

Spike8502

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rissygurl1124

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Reply 2 on: Feb 5, 2023
Excellent

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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