13. Calio's Baking Company manufactures specialty cakes for customers. Each cake is uni and custom-made. When materials such as flour, baking soda, sugar, milk are received from suppliers to be paid on account, the company would record: a. Debit to finished good and a credit to accounts payable b. Debit to work in process and a credit to materials c. Debit to work in process and a credit to accounts payable d. Debit to materials and a credit to accounts payable 14. What is the journal entry to record selling finished goods inventory? a. Debit cost of goods sold, and credit finished goods inventory b. Debit work in process, and credit finished goods inventory c. Debit material, and credit work in process d. Debit finished goods inventory, and credit cost of goods sold 15. Relevant information often has which two characteristics: a. Differs among the alternatives under consideration and is future oriented b. Differs among the alternatives under consideration and based on actual (historical) results c. Differs in costs behavior (fixed, variable) and future oriented d. Differs in amount and based on sunk costs 16. Winston Clothing is a nationwide retailer of Women's, Men's, and Children's clothing. The company is considering closing the children's department in its stores. Which of the following costs would be considered relevant in evaluating this alternative? a. Salary of the President b. Salary of the stores children's department managers c. Salary of the Regional Vice President of Human Resources d. Corporate office rent 17. When assessing relevant (avoidable) costs included in batch level costs, which costs are typically evaluated? a. Product costs such as direct material, direct labor, and overhead b. Set-up costs and materials handling costs c. Product design and engineering costs d. Costs of facilities including property taxes, facility depreciation