Costing Methods Quiz
Graded Quiz • 30 min Quiz3 Questions Week 2
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Costing Methods Quiz

Graded Quiz • 30 min Quiz3 Questions Week 2
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Q:

When raw materials are purchased, the entry is a ____ to raw materials and a _____ to accounts payable or cash.

Q:

The average cost is reached by dividing the total _____ of goods by the total ____ of goods over a specific accounting cycle.

Q:

True or False: With the average costing method, we can find the average cost of making a finished good and the individual costs of the raw materials are not relevant to this costing method.

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