Asked by
Jeovanny Mejia
on Dec 17, 2024
Verified
The purchase of direct materials was recorded as the purchase of office supplies. This error will cause:
A) the cost of goods manufactured to be overstated.
B) the cost of goods sold to be overstated.
C) the net income to be overstated.
D) the office supplies to be overstated.
Direct Materials
Raw materials directly used in the manufacturing of a product, directly traceable to the finished product.
Office Supplies
Items like pens, paper, calculators, and computers that are used on a daily basis within an office setting.
- Apprehend the effects of mistakes on financial accounts and the correction procedures.
Verified Answer
SE
Learning Objectives
- Apprehend the effects of mistakes on financial accounts and the correction procedures.