Embark Produces Mulch for Landscaping Use

question 19

Multiple Choice

Embark produces mulch for landscaping use. The following information summarizes production operations for June. The journal entry to record June production activities for direct material usage is:

• A) Debit Raw Materials Inventory $87,000; credit Accounts Payable $87,000.
• B) Debit Raw Materials Inventory $87,000; credit Finished Goods Inventory $87,000.
• C) Debit Cost of Goods Sold $87,000; credit Finished Goods Inventory $87,000.
• D) Debit Goods in Process Inventory $87,000; credit Raw Materials Inventory $87,000.
• E) Debit Goods in Process Inventory $87,000; credit Cost of Goods Sold $87,000.

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Definitions:

Chicken

A common type of poultry raised for its meat and eggs, and one of the most widespread domestic animals worldwide.

Payoff

The return or reward received from making a certain choice or taking a specific action, especially in games or economic contexts.

Pure Strategy Equilibria

A scenario in game theory where players choose a single strategy with certainty, leading to an outcome where no player benefits from changing strategies, assuming others do not change.

Swerve

A rapid change in movement direction; in strategic contexts, an unexpected deviation from a primary course of action.