In the T-Account Cost Flow Diagram of Balance Sheet Inventory

question 35

Multiple Choice

In the T-account cost flow diagram of balance sheet inventory accounts and the income statement cost of goods sold account:

• A)raw materials purchases are debited to work in process.
• B)direct labor costs are credited to work in process.
• C)cost of goods manufactured is debited to finished goods inventory.
• D)cost of goods sold is debited to finished goods inventory.

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Definitions:

Metalinguistic Awareness

Metalinguistic Awareness is the ability to think about and reflect upon the nature and functions of language itself.

Sarcasm

The use of irony to mock or convey contempt.

Telegraphic Speech

A simplified speech pattern used by young children, characterized by short, simple phrases that contain only the essential information, much like an old-fashioned telegram.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' world view or cognition, suggesting language influences thought processes.