33. A form prepared periodically for each processing department summarizing (1) the units for which the department is accountable and the units to be assigned costs and (2) the costs charged to the department and the allocation of these costs is termed a:

a.	factory overhead production report
b.	manufacturing cost report
c.	process cost report
d.	cost of production report

____ 34. What is the primary criterion for the preparation of managerial accounting reports?

a.	Relevance of the reports
b.	Meet the manager needs
c.	Timing of the reports
d.	Cost of the reports

____ 35. The cost of production of completed and finished goods during the period amounted to $400,000, and the finished products shipped to customers had total production costs of $337,000. From the following, select the entry to record the transfer of costs from work in process to finished goods.

a.	Finished Goods 337,000 Work in Process 337,000
b.	Finished Goods 400,000 Work in Process 400,000
c.	Work in Process 400,000 Finished Goods 400,000
d.	Work in Process 337,000 Finished Goods 337,000

____ 36. Which of the following is the correct flow of manufacturing costs?

a.	Raw materials, work in process, finished goods, cost of goods sold
b.	Raw materials, finished goods, cost of goods sold, work in process.
c.	Work in process, finished goods, raw materials, cost of goods sold
d.	Cost of goods sold, raw materials, work in process, finished goods.

____ 37. The four steps necessary to determine the cost of goods completed and the ending inventory valuation in a process cost system are:

1.	allocate costs to transferred and partially completed units
2.	determine the units to be assigned costs
3.	determine the cost per equivalent unit
4.	calculate equivalent units of production

The correct ordering of the steps is:

a.	2, 4, 3, 1
b.	4, 2, 3, 1
c.	2, 3, 4, 1
d.	2, 3, 1, 4

____ 38. The source of the data for debiting Work-in-Process for direct materials is the:

a.	purchase order
b.	purchase requisition
c.	materials requisition
d.	receiving report

____ 39. Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period; 30,000 units of direct materials were added during the period; 32,000 units were completed and transferred out during the period; and 3,000 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units for Conversion for production for the period was:

a.	32,450
b.	29,450
c.	31,950
d.	26,000

____ 40. The correct, complete entry for the sale of a finished good on account is:

a.	debit Cost of Goods Sold, credit Finished Goods
b.	debit Cost of Goods Sold, credit Finished Goods, debit Accounts Receivable, credit Sales
c.	debit Sales Expense, credit Finished Goods, credit Cash, credit Accounts Receivable
d.	debit Work in Process, credit Finished Goods, debit Accounts Receivable, credit Sales

Please Help.