In process costing,the journal entry to record factory overhead applied would include a ________.
A)debit to Factory Overhead
B)debit to Work-in-Process Inventory,Department Name
C)credit to Cost of Goods Sold
D)credit to Finished Goods Inventory

Question

Quizplus · Accepted Answer

The journal entry to record factory overhead applied would include a debit to Work-in-Process Inventory, Department Name. This is because factory overhead costs are applied to work in process inventory as the work is being done.

In Process Costing,the Journal Entry to Record Factory Overhead Applied