Register
In accumulating raw materials costs, the cost of raw materials purchased in a perpetual system is a. debited to purchases. b. raw materials inventory. c. raw materials purchases. d. work in process.
128k views
0 votes
In accumulating raw materials costs, the cost of raw materials purchased in a perpetual system is

a. debited to purchases.
b. raw materials inventory.
c. raw materials purchases.
d. work in process.

User Ericg
by
6.1k points

1 Answer

3 votes

Answer:

B. raw materials inventory

Step-by-step explanation:

A perpetual inventory system is a system in accounting records to ensures that the number of goods in a store or in storage facility is accurately and immediately reflected by the books

User Matrym
by
4.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
How do i figure out a months ending capital
Link Copied!