The following journal entry would be made in a processing costing system when units that have been completed in the final processing department are transferred to the finished goods warehouse:

$\backslash$table$[[$Finished Goods,Debit Credit$],[$Materials$,$XXX$]]$

True or False

Howell Corporation's activity$-$based costing system has three activity cost pools$-$Machining, Setting Up$,$ and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources.Distribution of Resource Consumption Across Activity Cost Pools

$\backslash$table$[[,$Machining,Setting Up$,$other$],[$oment depreciation,$0\mathrm{.}20,0\mathrm{.}50,0\mathrm{.}30],[$ect labor,$0\mathrm{.}30,0\mathrm{.}30,0\mathrm{.}40]]$

Costs in the Machining cost pool are assigned to products based on machine$-$hours $($MHs$)$ and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products.

$\backslash$table$[[,$MHs$,$Batches$],[$Product S$4,13,000,1,200],[$Product C$0,4,200,1,600],[$Total$,17,200,2,800]]$

Additional data concerning the company's products appears below:

$\backslash$table$[[,$Product S$4,$Product c$0],[$Sales $($total$),$$$93,800,$$$72,400$