12. The receiving clerk's copy of the purchase order which does not show the quantities ordered is called a) Debit/credit memorandum b) Purchase order c) Blind copy d) Purchase requisition 13. After accounting and inspecting incoming materials the receiving clerk prepares a: a) Debit credit memorandum b) Receiving Report c) Blind copy d) Purchase requisition 14. The Raw Materials Inventory account is a controlling account supported by a sub-sidiary ledger called the: a) Debit/credit memorandum b) Receiving report C) Materials ledger d) Bill of materials 15. When materials are purchased on credit terms of 2/10,n/30, and the invoice is paid within the discount period, the journal entry includes a: a) Debit to cash b) Debit to Accounts Payable c) Debit to Purchases Discounts d) Credit to Sales Discounts 16. A method of assigning a cost to materials (and ending inventory) based on the assumption that the earliest goods in are the first goods to be used (or the first goods sold if the inventory is of finished goods or merchandise) is: a) FIFO b) LIFO c) Moving Average d) LIFO Average