13. Wasson Company reported the following year-end information:

Beginning work in process inventory $ 35,000

Beginning raw materials inventory 18,000

Ending work in process inventory 38,000

Ending raw materials inventory 15,000

Raw materials purchased 560,000

Direct labor 180,000

Manufacturing overhead 120,000

How much is Wassons total cost of work in process for the year?

Select one:

a. $898,000

b. $608,000

c. $863,000

d. $860,000

14. When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is

Select one:

a. Finished Goods Inventory Direct Materials Direct Labor Manufacturing Overhead

b. Finished Goods Inventory Work In Process Inventory

c. Raw Materials Inventory Work In Process Inventory

d. Work In Process Inventory Direct Materials Direct Labor Manufacturing Overhead

15. The entry to record the acquisition of raw materials on account is

Select one:

a. Accounts Payable Raw Materials Inventory

b. Manufacturing Overhead Raw Materials Inventory Accounts Payable

c. Raw Materials Inventory Accounts Payable

d. Work in Process Inventory Accounts Payable

16. Madison Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2013 totaled $18,000 of materials, $9,000 of direct labor costs, and $6,000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $15,000, and the ending balance is $9,000. During the year, the company completed 20 machines. How much is the cost per machine?

Select one:

a. $1,350

b. $1,650

c. $1,950

d. $2,400