A Company That Uses a Job Order Costing System Would

question 129

Multiple Choice

A company that uses a job order costing system would make the following entry to record the flow of direct materials into production:

• A)debit Work in Process Inventory,credit Cost of Goods Sold.
• B)debit Work in Process Inventory,credit Raw Materials Inventory.
• C)debit Work in Process Inventory,credit Factory Overhead.
• D)debit Factory Overhead,credit Raw Materials Inventory.
• E)debit Finished Goods Inventory,credit Raw Materials Inventory.

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Definitions:

Checks and Balances

A system in which the different branches of government have powers that can prevent the other branches from becoming too powerful, ensuring no single branch dominates.

Fourth Amendment

An amendment to the United States Constitution that protects individuals from unreasonable searches and seizures by the government, ensuring the right to privacy.

Warrantless Search

A search conducted by law enforcement without a search warrant, which can be legal under certain exceptions to the requirement of a warrant.

Urgent Search Warrant

A legal document, often expedited, authorizing law enforcement to conduct a search of a premise as part of an investigation.