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

question 53

Multiple Choice

ABC produces ping pong balls using a three-step process that includes molding,coloring and finishing.The purchase of materials includes a:

• A)debit to raw materials inventory.
• B)debit to WIP inventory-molding.
• C)credit to manufacturing overhead.
• D)credit to raw materials inventory.

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Definitions:

POST

Power-On Self Test, a diagnostic testing sequence computers run automatically when powered on to check for hardware failures.

Operating System

System software that manages computer hardware and software resources and provides common services for computer programs.

ROM

Stands for Read-Only Memory, a type of non-volatile memory used in computers and electronic devices to store firmware or application software in a way that is not easily modified.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing data temporarily during operations.