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    Fundamental Accounting Principles Study Set 5
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    Exam 24: Flexible Budgets and Standard Costs
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    When Recording the Journal Entry for Labor, the Goods in Process
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When Recording the Journal Entry for Labor, the Goods in Process

Question 23

Question 23

Multiple Choice

When recording the journal entry for labor, the Goods in Process Inventory account is


A) Debited for standard labor cost.
B) Debited for actual labor cost.
C) Credited for standard labor cost.
D) Credited for actual labor cost.
E) Not used.

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