In a process costing system, which account shows the overhead assigned to the department? A.Work in...
In a process costing system, which account shows the overhead assigned to the department?
A.Work in process inventory
B.Finished goods inventory
C.Cost of goods sold
D.Raw material inventory
Homework Answers
Solution:
In a process costing system, "Work in process inventory" account shows the overhead assigned to the department.
Work in process inventory shows all the product costs in manufacturing the product and overhead applied is also debited to work in process inventory account.
Hence, option "A" is correct.
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