In a Just-In-Time Environment Using Backflush Costing,the Entry to Record

question 43

Multiple Choice

In a just-in-time environment using backflush costing,the entry to record the use of materials for the month's production is debit __________ and credit __________.

• A)Work in Process Inventory;Materials Inventory
• B)Cost of Goods Sold;Finished Goods Inventory
• C)Conversion Costs;Accounts Payable
• D)No entry

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Definitions:

Daniel Ellsberg

A former United States military analyst who, during the Vietnam War, released the Pentagon Papers, a top-secret Department of Defense study of U.S. political and military involvement in Vietnam, to the public.

South Vietnamese President

The head of state of South Vietnam, officially known as the Republic of Vietnam, during its existence from 1955 until its fall to North Vietnam in 1975.

Thieu

Nguyen Van Thieu was a South Vietnamese military officer and political leader who served as president of South Vietnam from 1965 to 1975.

ARVN

ARVN stands for the Army of the Republic of Vietnam; it was the military force of the South Vietnamese government during the Vietnam War.