Purchase Solution

COGS T-account Multiple Choice Question

Not what you're looking for?

Ask Custom Question

In the T-account cost flow diagram of balance sheet inventory accounts and the income statement cost of goods sold account:

a)raw materials purchased are debited to work in process
b)direct labor costs are credited to work in process
c)cost of goods manufactured is debited to finished goods inventory
d)cost of goods sold is debited to finished goods inventory

Purchase this Solution

Solution Summary

This solution explains the correct response to the given accounting problem.

Purchase this Solution


Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.