In Job Order Costing, the Journal Entry to Issue Indirect

question 48

Multiple Choice

In job order costing, the journal entry to issue indirect materials to production should include which of the following?

• A)Credit to Materials inventory
• B)Credit to Manufacturing overhead
• C)Credit to Work in process inventory
• D)Credit to Finished goods inventory

---

Definitions:

Shares Outstanding

The total number of shares of a corporation that have been issued and are held by shareholders, including those held by institutional investors and company officers.

Stock Dividend

A dividend payment made in the form of additional shares rather than cash.

Value of Each Share

The worth of a single share of stock in a company, determined by the market or through valuation techniques.

Residual Dividend Policy

A strategy where dividends are paid out from the residual or leftover equity after all necessary operating expenses and working capital needs are met.