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The appropriate journal entry to record the application of factory utilities cost in a job costing system involves a debit to Work in Process and a credit to:
Select one:
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Question & Answer: The appropriate journal entry to record the application of factory utilities cost in a job…..
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a. Utilities expense
b. Factory overhead
c. Finished goods inventory
d. Raw materials inventory
Expert Answer
| option b) Factory overhead
When the overhead is applied to job then work in process is debited and factory overhead is credited. |
