12. Which of the following describes the order in which costs flow through a manufacturers inventory accounts?

a. Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Cost of Goods Sold

b. Work in Process Inventory, Materials Inventory, Finished Goods Inventory, Cost of Goods Sold

c. Materials Inventory, Work in Process Inventory, Cost of Goods Sold, Finished Goods Inventory

d. Cost of Goods Sold, Materials Inventory, Work in Process Inventory, Finished Goods Inventory

e. none of the above

13. Which of the following are manufacturing overhead costs?

a. Direct materials, indirect materials, and depreciation on manufacturing equipment

b. Direct labor, indirect labor, and depreciation on manufacturing equipment

c. Direct materials, direct labor, and depreciation on manufacturing equipment

d. Indirect materials, indirect labor, and depreciation on manufacturing equipment

e. None of the above

14. Scanlon Division manufactured 3,000 units of Product Z during the year; costs are as follows:

Direct materials $ 250,000

Direct labor 200,000

Indirect materials and labor 40,000

Depreciation on plant and equipment 20,000

Total $ 510,000

The product unit cost for Product Z this year is

a. $150.b.$152.c.$163. d.$170.e.none of the above.

15. In a manufacturing organization, completed but unsold units would be included in which of the following accounts?

a. Pending-Sale Inventory

b. Materials Inventory

c. Work in Process Inventory

d. Finished Goods Inventory

e. None of the above

16. Direct materials used totaled $64,750; direct labor incurred totaled $198,400; manufacturing overhead totaled $394,800; Work in Process Inventory on January 1, 2004, was $189,100; and Work in Process Inventory on December 31, 2004, was $197,600. What is the cost of goods manufactured for the year ended December 31, 2004?

a. $1,044,650b.$657,950c.$649,450d.$197,600e.None of the above

23. Alpine Company reported an increase of $190,000 in its accounts receivable during the year 2005. The company's statement of cash flows for 2005 reported $1 million of cash received from customers. What amount of net sales must Alpine have recorded in 2005?

A) $ 810,000.

B) $1,190,000.

C) $1,000,000.

D) $ 190,000

41. The Allowance for Doubtful Accounts will appear on the

A) Income statement

B) Balance sheet

C) Cash flow statement

D) Owners Equity statement

42. When there is an allowance for doubtful accounts in use, the writing-off of an uncollectible accounts receivable will:

A) Reduce income.

B) Reduce an expense.

C) Not change income nor total assets.

D) Increase total assets.