Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Kiyaa Kiyaa
wrote...
Go to Answer
Posts: 134
Rep: 0 0
A year ago
When using a standard costing system, which of the following should be recorded when finished goods are sold?

▸ Debit Cost of Goods Sold for actual cost, and credit Finished Goods Inventory for actual cost.

▸ Debit Cost of Goods Sold for standard cost, and credit Finished Goods Inventory for actual cost.

▸ Debit Cost of Goods Sold for actual cost, and credit Finished Goods Inventory for standard cost.

▸ Debit Cost of Goods Sold for standard cost, and credit Finished Goods Inventory for standard cost.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 95 times
1 Reply
Replies
Answer verified by a subject expert
penmcpenmc
wrote...
#1
Posts: 121
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Kiyaa Author
wrote...

A year ago
this is exactly what I needed
Ctownsend
wrote...

Yesterday
Just got PERFECT on my quiz
hmonier
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  962 People Browsing
 166 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 54
  
 279
  
 341
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?