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Wilson Manufacturing Uses a Standard Costing System

Question 14

Multiple Choice

Wilson Manufacturing uses a standard costing system. When Wilson sells its inventory units, by how much is the Finished Goods Inventory account reduced?


A) The actual cost of the units sold plus the total of the unfavorable variances
B) The standard cost of the units sold
C) The actual direct materials, direct labor, and standard manufacturing overhead
D) The actual cost of the units sold

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