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1) which of the following represents the cost of the jobs sold during the period

ID: 2345176 • Letter: 1

Question

1) which of the following represents the cost of the jobs sold during the period?
a)Raw materials inventory
b)Work in process inventory
c) Finished goods inventory
d) cost of goods sold



2)Which of the following types of firms would most likely use process costing?
a)Superior Auto Body & Repairs
b) Crammond Custom Cabinets
c) Sunshine Soft drinks
d) jackson & Taylor Tax services


3) Which of the following would be used to record the facotry superisor's salary?
a)Raw materials inventory would be debited
b) Work in process intentory would be debited.
c)Manufacturing overhead would be debited.
d) manufacturing overhead would be credited.

4) which of the following would be used to record the labor cost that is not traceable to a specific job?
a)Raw materials inventory would be debited
b) Work in process intentory would be debited.
c)Manufacturing overhead would be debited.
d) manufacturing overhead would be credited.

Explanation / Answer

1=c 2=b 3=a 4=c