Ch 19 LO2 Record DM DL
3 years ago
vpaz01
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7 QuestionsShow answers
  • Question 1
    60 seconds
    Q. The entry to record the purchase of direct materials on account would include a ________.
    answer choices
    debit to the Raw Materials Inventory account
    credit to the Work_in_Process Inventory account
    credit to the Raw Materials Inventory account
    debit to the Work_in_Process Inventory account
  • Question 2
    45 seconds
    Q. Which of the following accounts would be debited in the journal entry to record the issuance of direct materials?
    answer choices
    Finished Goods Inventory
    COGS
    Raw Materials Inventory
    WIP Inventory
  • Question 3
    45 seconds
    Q. Manufacturing Overhead is a temporary account used to ________ indirect production costs during the accounting period.
    answer choices
    allocate
    approximate
    accumulate
    assign
  • Question 4
    45 seconds
    Q. The journal entry to issue indirect materials to production should include a debit to the ________.
    answer choices
    Raw Materials Inventory account
    Work_in_Process Inventory account
    Manufacturing Overhead account
    Finished Goods Inventory account
  • Question 5
    45 seconds
    Q. The journal entry to record indirect labor costs incurred involves a debit to the ________.
    answer choices
    Manufacturing Overhead account
    Finished Goods Inventory account
    Wages Payable account
    Work_in_Process Inventory account
  • Question 6
    120 seconds
    Q. Uniq Works purchased raw materials amounting to $124,000 on account and $18,000 for cash. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction?
    answer choices
    Work _ in _ Process Inventory 142,000 Accounts Payable 142,000
    Finished Goods Inventory 142,000 Accounts Payable 142,000
    Accounts Payable 124,000 Cash 18,000 Raw Materials Inventory 142, 000
    Raw Materials Inventory 142,000 Cash 18,000 Accounts Payable 124,000
  • Question 7
    120 seconds
    Q.
    answer choices
    $43,900
    $41,800
    $43,100
    $41,000
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