Glucose Is a ________

question 32

Multiple Choice

Glucose is a ________.

• A)disaccharide
• B)monosaccharide
• C)polysaccharide
• D)polymer

Recognize the role of cost accounting systems in accumulating and assigning costs to products or services.

Identify the differences between job order costing and process costing systems.

Analyze the cost flow in manufacturing accounts including Work in Process Inventory and Factory Overhead.

Explain the procedure for calculating job costs and the composition of the cost of goods sold for a job.

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Definitions:

Work in Process Inventory

Work in process inventory consists of goods and materials that have started the production process but are not yet completed at a specific point in time.

Cost of Goods Sold

The direct costs attributable to the production of goods sold in a company, including material and labor costs.

Work in Process Inventory

The value of the goods that are partially completed by a company but not yet ready for sale.

Push Production

A manufacturing process where products are made based on predicted demand and pushed to the market, as opposed to being pulled by actual demand.