### Cost Accounting Questions#### Question 13**Direct material costs are recorded:**- O Indirectly to Goods in Process account.- O Indirectly to a Finished Goods account.- O Directly to a Goods in Process account.- O Directly to a Finished Goods account.- O Directly to a Cost of Goods Sold account.#### Question 14**The purchase of raw materials on account in a process costing system is recorded:**- O Debit to Purchases and credit to Cash.- O Debit to Purchases and a credit to Accounts Payable.- O Debit to Raw Materials Inventory and a credit to Accounts Payable.

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Direct material costs are recorded: O Indirectly to Goods in Process account. O Indirectly to a Finished Goods account. O Directly to a Goods in Process account. O Directly to a Finished Goods account. O Directly to a Cost of Goods Sold account.

Direct material costs are recorded: O Indirectly to Goods in Process account. O Indirectly to a Finished Goods account. O Directly to a Goods in Process account. O Directly to a Finished Goods account. O Directly to a Cost of Goods Sold account.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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