Use the following to answer questions:
Cabot Inc. uses a standard costing system for its only product. The standards are as follows:

Actual data for September are:

-Which of the following is the journal entry that was made when the material was purchased?
A) Item A
B) Item B
C) Item C
D) Item D

Question

Use the following to answer questions:
Cabot Inc. uses a standard costing system for its only product. The standards are as follows:
  
Actual data for September are:
 
-Which of the following is the journal entry that was made when the material was purchased? 
A) Item A 
B) Item B 
C) Item C 
D) Item D

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
Cabot Inc. uses a standard costing system for its only product. The standards are as follows:
  
Actual data for September are:
 
-Which of the following is the journal entry that was made when the material was purchased? 
A) Item A 
B) Item B 
C) Item C 
D) Item D

Use the Following to Answer Questions