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18) Uniq Works purchased raw materials amounting to $125,000 on account and S materials will be used to manufacture upholstery for furniture manulacturers Which of the following journal entries correctly recoeds this transacti 5,000 for cash. The 1 Accounts nts Payable 19) Clamo Manufacturers, a widgets manulacturing company, divides its production operations into 1 three processes- Department 1, Department 2, and Department 3. The company uses a process costing system. Gizmo incurred the following costs during the year 2014, to produce 5,000 units 6,000 could sell only 3,500 units in 2014, what will be the cost per unit of widget produced? D) $4.70 C) 55.30 B) 53.50 A) $7.85 20) 20) The four-steps of tracking product costs in a process costing system are_ A) accumulate, assign, allocate, and adjust B) verify, analyze, record, and adjust C) assign, analyze, approxdmate, and allocate D) arrive, analyze, assume, and allocate 21) Nevada Manufacturing has two processing departments, Department I and Department II The raw 21) materials processed at Department I are sent to Department Il for further processing. During June, Department I. The journal A) debit Work-in-Process Inventory-Department I, $50,000, credit Accounts Payable, $50,000. t I, $50,000; credit Raw Materials Inventory, direct materials worth $50,000 purchased on account were assigned to entry to record issue of direct materials to production is: B) debit Work-in-Process Inventory-Department $50,000. Q debit Raw Materials Inventory, $50,000, credit Work-in-Process Inventory-Department L, $50,000. D) debvit Accounts Payable, $50,00, credit Work-in-Process Inventory-Department L, 50,000. includes the number of units completed and transferred out 22) cost reporti 22) In a production c of a process and the number of units remaining in ending work-in-process. B) total units budgeted for D) total units accounted for A) total units estimated for total units to account for