ABC Produces Ping-Pong Balls Using a Three-Step Process That Includes

question 265

Multiple Choice

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing. Which of the following accounts is debited for conversion costs?

• A) Cost of goods sold
• B) Finished goods inventory
• C) Raw materials inventory
• D) WIP inventory-finishing

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Definitions:

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