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RD
RD, Certified Public Accountant (CPA)
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Experience:  MBA, CPA
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10. To apply factory overhead to work in process, an entry

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10. To apply factory overhead to work in process, an entry is made

a. debiting cost of goods sold & crediting work in process
b. debiting factory overhead & crediting cost of goods sold
c. debiting factory overhead & crediting work in process
d. debiting work in process & crediting factory overhead

11. The entry to record general factory overhead costs, such as property taxes on the factory building, would include

a. credit to factory overhead
b. credit to work in process
c. debit to factory overhead
d. debit to work in process

12. The entry to record completion & transfer of a job from the factory to the in-stock & available for sale storage area would include

a. debiting finished goods & crediting cost of goods sold
b. debiting finished goods & crediting work in process
c. debiting work in process & crediting cost of goods sold
d. debiting work in process & crediting finished goods

10. To apply factory overhead to work in process, an entry is made

a. debiting cost of goods sold & crediting work in process
b. debiting factory overhead & crediting cost of goods sold
c. debiting factory overhead & crediting work in process
d. debiting work in process & crediting factory overhead

11. The entry to record general factory overhead costs, such as property taxes on the factory building, would include

a. credit to factory overhead
b. credit to work in process
c. debit to factory overhead
d. debit to work in process

12. The entry to record completion & transfer of a job from the factory to the in-stock & available for sale storage area would include

a. debiting finished goods & crediting cost of goods sold
b. debiting finished goods & crediting work in process
c. debiting work in process & crediting cost of goods sold
d. debiting work in process & crediting finished goods

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