20% -50% QUESTION 7 Signify the account that should be DEBITED to record each tr

Question

20% -50% QUESTION 7 Signify the account that should be DEBITED to record each transaction below. C The consumption of direct materials in the A. Cost of goods sold 8. Selling, general and administrative expenses C.Manufacturing overhead D. Work in process E. Finished goods - The consumption of indirect materials in the manufacturing process The cost of direct labor incurred in the manufacturing process. -4) The cost of indirect labor incurred in the manufacturing F. Raw materials process. The allocation of manufacturing overhead to jobs using a predetermined rate. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save

Explanation / Answer

1. consumption of direct material in manufacturing process: work in progress account debit

2. consumption of indirect material in manufacturing process: Manufacturing Overhead debit

3. cost of direct labor incurred in manufacturing process: work in progress account debit

4.cost of indirect labor incurred in manufacturing process: Manufacturing Overhead debit

5. allocation of manufacturing overhead to jobs using predetermined rate: work in process DEBIT, finished goods DEBIT, raw materil inventory DEBIT

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