Multiple Choice
Haupt Inc.manufacturers water pumps.Each pump requires $155 of raw materials and $315 of conversion costs.Each pump is sold for $725.Last month Haupt produced and sold 69 pumps.The journal entry to apply conversion costs to production would include:
A) Debit to work in process inventory of $21,735.
B) Credit to sales of $21,735.
C) Debit to cost of goods sold of $31,735.
D) Credit to work in process inventory of $21,735.
E) Debit to accounts payable of $31,735.
Correct Answer:
Verified
Correct Answer:
Verified
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