11. IF 150,000 units are started into prnd of the period, how units are started into production there was no beginning work in process, and end of the period, how many units were completed and 50,000 units are in process at the transferred out? A) 150,000. B) 50,000. C) 100,000. D) 200,000. 12. A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is A) Work In Process Inventory 66,000 Raw Materials Inventory 66,000 B) Direct Materials 66,000 Indirect Materials Factory Overhead Work In Process Inventory 9,000 75,000 66,000 Work in Process Inventory 75,000 C) Raw Materials Inventory 75,000 D) Factory Overhead 9,000 Raw Materials Inventory 75,000 13. Process costing is used when A) the production process is continuous. B) production is aimed at filling a specific customer order. C) dissimilar products are involved. D) costs are to be assigned to specific jobs. 14. The formula for the predetermined overhead rate is estimated annual overhead costs divided by an expected annual operating activity. A) True B) False 15. In calculating gross profit for a manufacturing company, the cost of goods manufactured is deducted from net sales. A) True B) False