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Finished Goods Inventory Flashcards, test questions and answers

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We've found 28 Finished Goods Inventory tests

Accounting Cost Accounting Finance Finished Goods Inventory Intermediate Accounting 1 Variable Costs Per Unit
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Patricia Smith avatar
Patricia Smith
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Dennis Jennings
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Jill Lopez avatar
Jill Lopez
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Kenneth McQuaid
27 terms
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Marta Browning
41 terms
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Chapters 1-3 Questions for Managerial Accounting Final – Flashcards 10 terms
Richard Molina avatar
Richard Molina
10 terms
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James Storer avatar
James Storer
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Charlotte Small avatar
Charlotte Small
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Suzette Hendon avatar
Suzette Hendon
37 terms
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Thomas Alday avatar
Thomas Alday
104 terms
Enterprise Information Systems Finished Goods Inventory Increasing The Value Sales And Marketing Service Oriented Architecture Systems Analysis
CISB 210- Chapter 7 – Flashcards 52 terms
Sam Arent avatar
Sam Arent
52 terms
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Judith Simpson
105 terms
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Rebecca Mallory avatar
Rebecca Mallory
57 terms
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Jill Lopez avatar
Jill Lopez
38 terms
Finished Goods Inventory Perpetual Inventory System Principles Of Economics: Microeconomics Production And Distribution Raw Materials Inventory
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Bernice Cooper avatar
Bernice Cooper
16 terms
Finished Goods Inventory Handling And Storage Hub And Spoke
SCM 301 Final- Iowa State University – Flashcards 146 terms
Jose Escobar avatar
Jose Escobar
146 terms
Accounting Finance Finished Goods Inventory Intermediate Accounting 1 Pro Forma Financial Statements Short Term Goals
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Pedro Huang avatar
Pedro Huang
54 terms
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ch6 302 – Flashcard 84 terms
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Bettina Hugo
84 terms
Engineering Finished Goods Inventory Materials Product Design
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Charles Clay avatar
Charles Clay
186 terms
Finished Goods Inventory Five Forces Model Strength And Weakness Value Chain Model
K201 2nd Half 97 terms
Mary Moore avatar
Mary Moore
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Accounting Finance Financial Accounting Finished Goods Inventory
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Noel Macdonald avatar
Noel Macdonald
128 terms
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acct chap 14 – Flashcards 21 terms
Kaiya Hebert avatar
Kaiya Hebert
21 terms
Under which situtation is Finished Goods Inventory debited and work-in-process inventory account credited?
Transfer of goods to the finished goods storeroom
More test answers on https://studyhippo.com/managerial-accounting-test-1/
Q 6.3: How is inventory ready for sale classified in a manufacturing company? A : finished goods inventory B : store supplies inventory C : work in process inventory D : raw materials inventory
A : finished goods inventory
More test answers on https://studyhippo.com/orion-ch-6-reporting-and-analyzing-inventory/
Which of the following inventory costing methods shown below is most likely to cause undesirable incentives for managers to build up finished goods inventory?
Absorption costing
More test answers on https://studyhippo.com/chapter-9-objective-3/
Which of the following is an example of a firm’s intangible resources? A. the firm’s cash at bank B. the firm’s finished goods inventory C. the firm’s organizational culture D. the firm’s land and building
C. the firm’s organizational culture
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Which one of the following does NOT appear on the balance sheet of a manufacturing company: a) finished goods inventory b) work in process inventory c) costs of goods manufactured d) raw materials inventory
Cost of goods manufactured
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Under which of the following situations is Finished Goods Inventory debited and Work – in – Process Inventory account credited? A. Transfer of goods to the finished goods storeroom B. Purchased of goods on account C. Transfer goods out of the factory D. Transfer of material to Work – in – Process Inventory account
A. Transfer of goods to the finished goods storeroom
More test answers on https://studyhippo.com/managerial-accounting-ch-3-quiz-47552/
If the cost of goods sold is less than the cost of goods manufactured, then which of the following must be true?: a.) Work in process inventory has decreased during the period. b.) Finished goods inventory has increased during the period. c.) Total Manufacturing costs must be greater than cost of goods manufactured. d.) Finished goods inventory has decreased during the period.
b.)Finished goods inventory has increased during the period.
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Which of the following accounts is used to accumulate the actual manufacturing overhead costs incurred during a period? – Applied Manufacturing Overhead – WorkinProcess Inventory – Manufacturing Overhead Control – Cost of Goods Sold – Finished Goods Inventory
Manufacturing Overhead Control Since this is “actual” overhead it would not go to “Applied”. Manufacturing Overhead Control would get the actual overheads.
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