Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 19 and 20 question 19 3 pts the material used

19 and 20 Question 19 3 pts The material used to...

50.1K

Verified Solution

Question

Accounting

19 and 20
image
Question 19 3 pts The material used to manufacture a Whirlpool freezer would progress through the manufacturing and accounting process as follows: Work in Process Finished Goods > Seling and Administrative Expense Raw Material > Manufacturing Overhead > Work in Process > Finished Goods Raw Material Accounts Payable > Cost of Goods Sold Raw Material > Work in Process > Finished Goods > Cost of Goods Sold D Question 20 3 pts What is the BEST reason for NOT having a Zero balance in the Finished Goods account at the end of a period: The company will not be able to deliver the product to the next customer that wants to buy it. Having no finished goods inventory would make it impossible for employees to steal it off the shelf A finished goods ending balance of millions of dollars would be looked at positively by the bank Finished product on the shelves is great for employee morale

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students