The Cost of Direct Materials Is Assigned to a Job

question 46

Multiple Choice

The cost of direct materials is assigned to a job by the use of a source document known as a

• A) job cost sheet.
• B) control account.
• C) production order.
• D) materials requisition form.

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Definitions:

Perpetual Inventory System

An inventory management system where transactions are recorded in real-time, continuously updating inventory and cost of goods sold balances.