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Direct material costs are recorded: O Indirectly to Goods in Process account. O Indirectly to a Finished Goods account. O Directly to a Goods in Process account. O Directly to a Finished Goods account. O Directly to a Cost of Goods Sold account.

Direct material costs are recorded: O Indirectly to Goods in Process account. O Indirectly to a Finished Goods account. O Directly to a Goods in Process account. O Directly to a Finished Goods account. O Directly to a Cost of Goods Sold account.

Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter15: Integrated Production Processes (ipps)
Section: Chapter Questions
Problem 2P: Study Figure 15.8, showing the level 0 DFD of the cost accounting system. Note that the raw...
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Question 13 Direct material costs are recorded: O Indirectly to Goods in Process account. O Indirectly to a Finished Goods account. O Directly to a Goods in Process account. O Directly to a Finished Goods account. O Directly to a Cost of Goods Sold account. Question 14 The purchase of raw materials on account in a process costing system is record O Debit to Purchases and credit to Cash. Debit to Purchases and a credit to Accounts Payable. Debit to Raw Materials Inventory and a credit to Accounts Payable.
Transcribed Image Text:Question 13 Direct material costs are recorded: O Indirectly to Goods in Process account. O Indirectly to a Finished Goods account. O Directly to a Goods in Process account. O Directly to a Finished Goods account. O Directly to a Cost of Goods Sold account. Question 14 The purchase of raw materials on account in a process costing system is record O Debit to Purchases and credit to Cash. Debit to Purchases and a credit to Accounts Payable. Debit to Raw Materials Inventory and a credit to Accounts Payable.
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