Multiple Choice Question 50 When manufacturing overhead costs are assigned to production in a process cost system, they are debited to a Work in Process account. the Finished Goods Inventory account. Cost of Goods Sold. a Manufacturing Overhead account.

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Judah Crawford

Business

12 October, 04:15

Multiple Choice Question 50 When manufacturing overhead costs are assigned to production in a process cost system, they are debited to a Work in Process account. the Finished Goods Inventory account. Cost of Goods Sold. a Manufacturing Overhead account.

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they are debited to a Work in Process account

Explanation:

The journal entry to record the assignment of manufacturing overhead costs to production in a process cost system is done as follows:

Work - In Process (debit)

Overheads (credit)