2 Multiple Choices and key - 15845

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Price: $0.50
  • From: Business,
  • Posted on: Sat 23 Mar, 2013
  • Request id: None
  • Purchased: 1 time(s)
  • Average Rating: (95) A+
Request Description

 

1. When materials are purchased in a process costing system, a work in process account is debited with the cost of the materials.


 

 

2. The equivalent units in beginning work in process inventory plus the equivalent units for the work done during the period equals the units transferred out plus the equivalent units in ending work in process inventory.


Solution Description

 

1. When materials are purchased in a process costing system, a work in process account is debited with the cost of the materials.