2. Accounting
3. 5 the journal entry for cost of goods manufactured includes...

Question: 5 the journal entry for cost of goods manufactured includes...

Question details

5) The journal entry for cost of goods manufactured includes the costs of units that are partially completed.

6) Advertising costs should NOT be charged to the Manufacturing Overhead account.

7) The following entry would be used to record the transfer of $40,000 of direct material and$10,000 of indirect material from the storeroom to production:

 Direct Materials 40,000 Indirect Materials 10,000 Raw Materials 50,000

8) Entry (16) in the below T-account represents the cost of goods manufactured transferred to Finished Goods from Work in Process.

 Finished Goods Bal. 40,000 (16) 520,000 (15) 540,000 Bal. 60,000