16. LO 5.5 The journal entry to record the $500 of work in process ending inventory that consists of $300 of direct materials, $50 of manufacturing overhead, and $150 od direct labor is which of the following? А. Work in Process Inventory Accounts Payable 500 500 (When added to the process) В. Work in Process Inventory Materials Inventory Wages Payable Manufacturing Overhead 500 300 150 50 (As incurred or applied) С. Cost of Goods Sold 500 Work in Process Inventory 500 (When transferred) D. Accounts Payable Work in Process Inventory 500 500 (When added to the process)
16. LO 5.5 The journal entry to record the $500 of work in process ending inventory that consists of $300 of direct materials, $50 of manufacturing overhead, and $150 od direct labor is which of the following? А. Work in Process Inventory Accounts Payable 500 500 (When added to the process) В. Work in Process Inventory Materials Inventory Wages Payable Manufacturing Overhead 500 300 150 50 (As incurred or applied) С. Cost of Goods Sold 500 Work in Process Inventory 500 (When transferred) D. Accounts Payable Work in Process Inventory 500 500 (When added to the process)
Chapter5: Process Costing
Section: Chapter Questions
Problem 16MC: The journal entry to record the $500 of work in process ending inventory that consists of $300 of...
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