5.) Which of the following is an example of a direct cost? A.) Raw materials applied to a house during construction. B.) Labor for the sales department, trying to specifically sale house 1. C.) Labor for the cleanup crew. D.) Materials in the warehouse that is divided into the different projects (i.e. house 1, house 2, etc.) 6.) Which of the following accounts represents the costs associated with goods that were completed and sold? A.) Cost of Goods Sold. B.) Sales Revenue. C.) Work in Process Inventory. D.) Finished Goods Inventory. 7.) Which of the following accounts represents the costs associated with goods that were completed but not yet sold? A.) Cost of Goods Sold. B.) Sales Revenue. C.) Work in Process Inventory. D.) Finished Goods Inventory. 8.) Which of the following accounts represents the costs associated with goods started but not yet completed? A.) Cost of Goods Sold. 8.) Sales Revenue. C.) Work in Process Inventory. D.) Finished Goods Inventory. 9.) Which of the following accounts represents the amount received or to be received for goods that were completed and sold? A.) Cost of Goods Sold. B.) Sales Revenue. C.) Work in Process Inventory. D.) Finished Goods Inventory. 10.) Which of the following industries will most likely use Job order costing? A.) A Construction Company B.) Walmart. c.) Coke & Company D.) Preston's medical supplies (providing medical supplies to hospitals all around East Tennessee) 11.) Which of the following companies will most likely use process costing? A.) Your typical CPA firm. B.) Walmart. C.) Coke & Company. D.) Preston's medical supplies (providing medical supplies to hospitals all around East Tennessee). 12.) Monica Company purchased materials with cash for $50,000. Which of the following is the required journal entry for the purchase? A.) Debit to Cash, Credit to Manufacturing overhead B.) Debit to Raw Materials Inventory, Credit to Cash C.) Debit to Raw Materials Inventory, Credit Accounts Payable D.) Debit to Work in Process, Credit to Raw Materials 13.) Chandler Company recorded manufacturing and janitorial services for the plant. Salaries are accrued. Which of the following is the required journal entry? A.) Debit to Work-in-process and Manufacturing overhead, Credit to Wages Payable B.) Debit to Work-in-process, Credit to Wages Payable C.) Debit to Work-in-process and Manufacturing overhead, Credit to Cash D.) Debit to Manufacturing Overhead, Credit to Wages Payable 14.) Joey Company had a debit balance in the overhead account. Which of the following is the required journal entry for the any adjustments to be made? A.) Debit to Work-in-process, Credit to Manufacturing overhead B.) Debit to Cost of Goods Sold, Credit to Manufacturing Overhead C.) Debit to Manufacturing Overhead, Credit to Cost of Goods Sold. D.) No Entry is required