Question: Question 10 4 pts When units are completed, the cost associated with the job is debited to which account? Finished goods inventory Raw materials inventory




Question 10 4 pts When units are completed, the cost associated with the job is debited to which account? Finished goods inventory Raw materials inventory Work in process inventory Cost of goods sold Question 11 4 pts Which of the following companies would most likely use process costing? A soft drink company An accounting firm A home remodeling company A law firm Question 13 4 pts Which one of the following is a product cost? Sales person's salaries Office salaries Advertising costs Indirect labor Question 14 4 pts Keaubie Company completed job 464 at a cost of $55,000. They sold Job 464 for $71,000, receiving $5000 and the remainder on account. Which of the following would be included in the journal entry to record expensing the cost of the job? Debit Finished Goods Inventory for $55,000 Debit Cost of Goods Sold for $55,000 Debit Cost of Goods Sold for $71,000 Debit Finished Goods Inventory for $71,000
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