RECOMMENDED!!What account is debited when overhead is allocated

  

13. What account is debited when overhead is allocated to products?a. Raw Materials inventory c. Factory Overheadb. Goods in Process inventory d. Cost of Goods SoldWhat account is debited when the completely manufactured goods are transferred out of the work in process inventory?a. Raw Materials inventory c. Finished Goods inventoryb. Goods in Process inventory d. Cost of Goods SoldWhat journal entry (or entries) is necessary to record shipping a product that has been manufactured to a customer on account?no entry is required until the customer pays for the productdebit Cost of Goods Sold & credit Finished Goods Inventorydebit Cost of Goods Sold, credit Finished Goods Inventory, debit Accounts Receivable & credit Salesdebit Cost of Goods Sold, credit Goods in Process inventory, debit Sales Expense and credit Accounts Receivable

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