What Type of Event Would Cause Two Separate Journal Entries

question 57

Multiple Choice

What type of event would cause two separate journal entries to be made?

• A) Transferring the good to Finished Goods
• B) Applied overhead to production based on direct labor hours
• C) Transferring the goods from Raw Materials to Work-in-Process
• D) Closing overapplied overhead to Cost of Goods Sold
• E) Selling the good

---

Definitions:

Gross Price Method

A pricing approach where the price of goods or services is determined without deducting any trade discounts or allowances.

Cost Index

An index that measures the change in the cost of a basket of goods or services over time, often used in business and economics to track inflation or deflation.

Inventory-Pool Method

A technique in accounting used to group similar inventories together to simplify valuation and cost calculations.