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In making journal entries to assign raw materials costs, a company using process costing:

a) debits Finished Goods Inventory.

b) often debits two or more work in process accounts.

c) generally credits two or more work in process

accounts.

d) credits Finished Goods Inventory.

Accounting Cost Accounting US GAAP
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Date Posted: 2015/12/09
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هيثم ناجى
by هيثم ناجى , محاسب اول , الفيوم لصناعة السكر

b is correct

raw materials is debt in the account of work in process two or more times

 

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