Flow of Costs without Journal Entries


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question 1 of 3

Which of the following is the stage of the production process where direct labor and overhead apply?

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1. Harry runs a bakery. Which of the following would NOT represent a raw material for the bakery?

2. Which of the following represents a finished good?

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About This Quiz & Worksheet

The worksheet and quiz, which are mobile-friendly, can help you test your knowledge of the flow of costs without journal entries. Raw materials and stages of production are topics on the quiz.

Quiz & Worksheet Goals

The goal of these tools are to assess your knowledge of:

  • An example of a finished good
  • Stages of production
  • The phase in the flow of costs for cake batter
  • Correct flow of goods order
  • Raw materials

Skills Practiced

  • Information recall - access the knowledge you have gained about examples of raw materials
  • Interpreting information - verify that you can read information about the stages of production and interpret them correctly
  • Reading comprehension - ensure that you draw the most important details from the business lesson on cost flow without journal entries

Additional Learning

Develop an even better understanding of cost flow using the lesson: Flow of Costs without Journal Entries. Some objectives you can complete include:

  • Review examples of raw materials
  • Analyze the flow of costs
  • Figure out when goods are recorded as goods sold