Answer the Following Question(s)using the Information Below

question 96

Multiple Choice

Answer the following question(s) using the information below:
Complete Microfilm Products manufactures microfilm cameras.For October there were no beginning inventories of direct materials,and no beginning or ending work-in-process.Only one indirect manufacturing cost category is currently in use,"Conversion Costs." Journal entries are recorded when materials are purchased and when units are sold using backflush costing.

-Which of the following journal entries would be recorded for the units that are sold by Complete Microfilm Products in October?

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Definitions:

Positivism

The idea that phenomena are governed by, and can be explained by, rules based on objective observation and generalizations from those observations.

Explanation

An attempt to account for the relationships observed among phenomena. A basic goal of communications research is to explain how and why communication phenomena occur.

Two-tailed Hypothesis

A type of hypothesis that predicts either an increase or decrease in outcomes, requiring evidence for significant change in either direction.

Closed-ended Research

Research methodology that uses predefined responses to questions, allowing for easy quantification of data.