16. Which of the following are A) Raw materials B) Direct materials and direct labor C) Direct labor and factory overhead D) Selling expenses Reried costs? In the month of June, a department had 20,000 units in begiming work in proces a were 70% complete. During June, 90,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process. while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the process in June? A) 90,000 units. B) 80,000 units. C) 100,000 units. D) 110,000 units. A job order cost system is most appropriate when a large volume of uniform products are produced. A) True B) False 18. 19. The three cost elements in manufacturing a product are (1) and (3) 2 At the beginning of the year, Monroe Company estimates annual overhead costs to be $2,400,000 and that 300,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 315,000 hours is A) $2,400,000. B) $2,285,714. C) $1,680,000. D) $2,520,000. 20. 21. Debits to Work in Process Inventory are accompanied by a credit to all but which one of the following accounts? A) Raw Materials Inventory B) Factory Labor C) Factory Overhead D) Cost of Goods Sold