If Department T Uses $89,000 of Direct Labor and Department

question 115

True/False

If Department T uses $89,000 of direct labor and Department V uses $11,000 of direct labor,the following journal entry would be recorded by the process cost accounting system:
$\begin{array}{llr} \text { Goods in Process Inventory, Department T} &89,000\\ \text {Goods in Process Inventory, Department V } &11,000\\ \text { Factory Overhead} &&100,000\end{array}$

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Definitions:

Gunnar Myrdal

A Swedish economist and sociologist, known for his influential study on race relations in the United States titled "An American Dilemma" (1944).

Democratic Ideals

Principles that support the belief in equality, freedom, and justice within a societal system where government is carried out by the people, either directly or through elected representatives.

Abraham Lincoln Brigade

American volunteers who fought for the Republican side against Franco's Nationalists in the Spanish Civil War, notable for comprising anti-fascist activists.

Fascism

A political ideology that advocates for authoritarian ultra-nationalism, centralized power, and dictatorial leadership, often combined with the suppression of opposition.