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In Both Job and Process Costing,the Journal Entry to Record

Question 3

Multiple Choice

In both job and process costing,the journal entry to record completed goods is as follows.


A) Debit work in process and credit manufacturing overhead.
B) Credit finished goods inventory and debit cost of goods sold.
C) Debit finished goods inventory and credit work in process.
D) Debit work in process inventory and credit finished goods inventory.

Correct Answer:

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