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Which of the following will not be found on the balance sheet of a manufacturing company? Oa. work in process Ob. cost of goods sold Oc. finished goods Od. materials Jensen Company reports the following: Direct materials used Direct labor incurred Factory overhead incurred Operating expenses $345,000 250,000 400,000 175,000 Jensen Company's period costs are Oa. $400,000 Ob. $175,000 Oc. $250,000 Od. $345,000 The direct materials costs and direct labor costs incurred by a production department are referred to as conversion costs. OTrue OFalse Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead 22,800 Oct. 31 Goods finished 92,000 195,000 Finished Goods Oct. 1 Balance 15,800 331,400 31 Goods finished If the balance of Work in Process on October 31 is $203,500, what was the amount of factory overhead applied in October? Oa. $225,100 Ob. $421,300 Oc, $92,000 Od. $195,000