Which of the following is used to record raw materials,direct labour,and applied overhead costs at the time they are used?
A)raw materials inventory
B)finished goods
C)work in process
D)cost of goods sold

Question

Quizplus · Accepted Answer

Work in process is used to record the raw materials, direct labor, and applied overhead costs at the time they are used in the production process. Raw materials inventory is used to record the cost of the materials before they are used, finished goods are used to record the completed products ready for sale, and cost of goods sold is used to record the cost of products that have already been sold.

Which of the Following Is Used to Record Raw Materials,direct