Page 116 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 116
Chapter 5
Test your understanding 7
An entity operates an integrated accounting system. It is issuing $40,000
worth of direct materials to production. The accounting entries for this would
be:
Debit Credit
A Work in progress Material
B Finished goods Material
C Material Work in progress
D Cost of sales Work in progress
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