1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
e-lub [12.9K]
3 years ago
12

The journal entry to transfer completed products from production to finished goods inventory includes which two of the following

? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Debit to Finished Goods Inventory ?
Credit to Work in Process Inventory ?
Credit to Finished Goods Inventory ?
Debit to Work in Process Inventory ?
Debit to Raw Materials Inventory ?
Credit to Raw Materials Inventory ?
Business
1 answer:
Talja [164]3 years ago
7 0

Answer:

Debit finished goods inventory

Credit Work in Process Inventory

Explanation:

The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory

Debit finished goods inventory

Credit Work in Process Inventory

(Being to record finished goods inventory)

You might be interested in
Please help worth 100 points
UNO [17]

Answer:

19.) b, d

20.) d, a

21.) d, c

22.) a

23.) c

Hope This Helps!  Have A Nice Day!!

4 0
3 years ago
Read 2 more answers
Presented below is information for Marin Company.
hram777 [196]

Answer:

Debit Accounts Receivable for $104,700; and Credit Sales Revenue for $104,700.

Debit Cash for $85,400; and Credit Accounts Receivable for $85,400.

Explanation:

The (summary) journal entries to record the items noted will look as follows:

<u>Particulars                                   Debit ($)             Credit ($)        </u>

Accounts Receivable                  104,700

Sales Revenue                                                         104,700

<u><em>(To record net sales (all on account) for the year.)                        </em></u>

Cash                                             85,400

Accounts Receivable                                               85,400

<u>(Collections on accounts receivable during the year.)                 </u>

3 0
3 years ago
Perceptions for which there are no appropriate external stimuli are called _____, and the most common type among people sufferin
julsineya [31]
Hallucination is the term in which perceptions are experienced by people without the appropriate external stimuli. In addition, the auditory people are considered to be most affected by schizophrenia wherein it is an illness that causes an individual to think and behave improperly.
7 0
3 years ago
Give two characteristics of a perfectly competitive market.
sergey [27]
1. a large number of buyers and sellers
2. an identical or a homogeneous product
7 0
4 years ago
Suppose that out of the original 100 increase in government spending, 33 will be recycled back into purchases of domestically pr
serious [3.7K]

Answer:

Multiplier effect in the 4th round = 3.58

Explanation:

A change in aggregate demand can create a much greater impact in the equilibrium national income. This is known as the multiplier effect. This occurs when injections of new demand for goods and services into the circular flow of income creates further rounds of spending. For example, if the government spending was on building new affordable houses then the need for housing materials will create demand for wood, cement and other housing supplies. Thus, these businesses will see a rise in sales. Whilst they benefit through profits, their employees would benefit from wages and salaries. As their income rises, they will spend it in the economy, and so will the businesses from their profits. This additional rounds of spending is the multiplier effect.

If a 100 increase creates 33 for the second round, it is 33% (33/100 x 100) i.e. 100 x 33% = 33

This is proven since 33 x 33% = 10.89 in the third round.

Hence, the multiplier effect in the forth round = 10.89 x 33% = 3.58

7 0
3 years ago
Other questions:
  • A proposed project has fixed costs of $47,000 per year. The operating cash flow at 11,000 units is $69,000. a. Ignoring the effe
    7·1 answer
  • Hiram has learned to seek attention by engaging in appropriate behavior namely by watching his brother receive attention for hit
    13·1 answer
  • In this module, you learned about the risks or costs associated with financial goals. What are the risks or costs associated wit
    13·1 answer
  • What does it mean for a savings account to have a minimum balance? a. If you do not keep at least that much money in the account
    6·2 answers
  • Suppose you purchase a 20-year treasury bond with a 6% annual coupon ten years ago at par. Today the bond's yield to maturity ha
    6·1 answer
  • Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned
    10·1 answer
  • "Scuba Diving." Marcy invented a new type of mask that was not subject to fogging forscuba divers and obtained a patent on it. S
    9·1 answer
  • The journal entry for an installment note payment includes all except:__________.
    7·1 answer
  • After firm A producing one good acquired another firm B producing another good, it lowered the prices for the bundle of goods. O
    13·1 answer
  • Fuschia company's contribution margin per unit is $12. total fixed costs are $84,000. what is fuschia's break-even point in unit
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!