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Question: O'Hare Company is a manufacturing firm that uses a job-order cost system to determine the costs of its products. During the current accounting period, O'Hare used $1,200 of direct raw materials for Job #132. The recognition of this event would reflect an increase in which of the following accounts?

A: Cost of Goods Sold

B: Work in Process Inventory

C: Raw Materials inventory

D: Finished goods Inventory

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92579142

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