1. Which of the following costs are NOT included as the cost of making a product?

Direct materials

Factory overhead

Company president's salary

Direct labor

2.Using Job Order Costing, the source of the data for debiting Work-in-Process for direct materials is the:

purchase order

receiving report

purchase requisition

materials requisition

3. Selected accounts with some debits and credits omitted are presented as follows:

Work in Process
Aug. 1	Balance	275,000	Aug. 31	Goods finished	1,230,000
31	Direct materials	X
31	Direct labor	350,000
31	Factory overhead	X

Factory Overhead
Aug. 1-31	Costs incurred	90,000	Aug. 1	Balance	15,000
			31	Applied
				(30% of direct labor cost)	X

If the balance of Work in Process at August 31 is $200,000, what was the amount debited to Work in Process for direct materials in August?

$605,000

$300,000

$700,000

$805,000

4. If the ending raw materials inventory balance is $170 and there were $600 of net purchases and $500 of materials were placed in production, what is the beginning raw materials inventory balance?

$670

$70

$1,070

$840