Quiz 4.docx - Question1 2/2pts , whensoldincludes

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Question 1 2 / 2 pts Using a process costing system, the journal entry to record the cost of completed goods when sold includes:    a debit to Finished Goods Inventory.      a credit to Cost of Goods Sold.      a debit to Work in Process Inventory.      a credit to Finished Goods Inventory.      None of the answer choices is correct.     Incorrect Question 2 0 / 2 pts Summarize the costs to be accounted for Which of the following is the correct order for  these steps?    1,2,3,4      2,1,4,3     
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2,4,1,3      4,2,1,3      None of the answer choices is correct.     Question 3 2 / 2 pts The following information is available for the current year for Pike company. Number of  units in beginning WIP Inventory 12,000 (30% complete) Number of units started in the  current period 160,000 Number of units in the ending WIP Inventory 18,000 (70%  complete) If Pike Company uses the weighted average process costing method, what is the total equivalent completed units transferred out and in WIP Inventory?
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