The Easiest Way to Dispose of Variances at the End

question 15

Multiple Choice

The easiest way to dispose of variances at the end of the period is to

• A)Ignore the variances as they will cancel out during the following period.
• B)Close the variances to raw materials inventory.
• C)Close the variances to the appropriate raw materials inventory,work in process inventory,and finished goods inventory accounts.
• D)Close the variances to the cost of goods sold account.

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