The Costs of Materials Used in Production Are Transferred from the Materials

question 200

True/False

The costs of materials used in production are transferred from the Materials Inventory account directly to the Cost of Goods Sold account.

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Definitions:

Germinal Period

Also referred to as the period of the zygote; refers to the first 2 weeks after conception.

Zygote

The initial cell formed when a new organism is produced by the joining of a male sperm and a female ovum.

Blastocyst

An early stage embryo consisting of a sphere of cells surrounding a fluid-filled cavity and a cluster of cells inside known as the inner cell mass, which eventually develops into the fetus.

Fetus

A developing mammal or human from the end of the embryonic stage (usually from nine weeks after fertilization) to birth.