O'Hare Company is a manufacturing firm that uses a job-order cost system to determine the...
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Accounting
O'Hare Company is a manufacturing firm that uses a job-order cost system to determine the costs of its products. O'Hare Company counted the production supplies on hand at year-end and determined that the amount used was $125. The recognition of this event on the financial statements would include an increase to which of the following accounts?
| Manufacturing overhead. | ||
| Supply expense. | ||
| Work in process. | ||
| Finished goods. |
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