The costing system that reflects the amount of raw materials purchased,direct labor used,and manufacturing overhead applied in the Cost of Goods Sold account is the:
A)backflush costing system
B)job order costing system
C)process costing system
D)direct costing system

Question

Quizplus · Accepted Answer

Backflush costing is a system that records costs at the end of the production process, reflecting the amount of raw materials purchased, direct labor used, and manufacturing overhead applied directly in the Cost of Goods Sold account.

The Costing System That Reflects the Amount of Raw Materials