When Direct Materials Are Requisitioned, They Flow Directly into

question 247

Multiple Choice

When direct materials are requisitioned, they flow directly into

• A)cost of goods sold.
• B)finished goods inventory.
• C)work in process inventory.
• D)manufacturing overhead.

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Definitions:

Floating Dollar Sign

In financial statements, an indicator used to designate currency amounts, typically positioned close to the number without any spaces.

Percent Style Button

A feature in software, like spreadsheet programs, that formats the selected cells to display values as percentages.

Percentage

A mathematical term describing a number or ratio expressed as a fraction of 100, commonly used to compare and quantify differences.

Cell Entry

The action of inputting data into a spreadsheet cell or the data itself that has been entered.