Question
Service Organization Accounts. Provide the account name commonly used by service companies for each of the...
Service Organization Accounts. Provide the account name commonly used by service companies for each of the following accounts used in a manufacturing environment.
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Raw materials inventory
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Work-in-process inventory
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Finished goods inventory
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Cost of goods sold
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Manufacturing overhead
Answers
Account name :
Manufacturing environment Service organisation Raw material inventory Supplies inventory Work in process inventory Service in Process contract Finished goods inventory Cost of completed service contract Cost of goods sold Cost of service manufacturing overhead Operating overhead
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