At the end of an accounting period, a company using a job costing system calculates the cost of goods manufactured

At the end of an accounting period, a company using a job costing system calculates the cost of goods manufactured from the cost of Goods Sold account. from the job cost sheet. from the Work in Process Inventory account. O by adding direct materials used, direct labor incurred, and manufacturing overhead incurred. Which one of the following statements is correct? Process costing systems assign costs to departments or processes for a time period. Companies that produce many different products or services are more likely to use process costing systems. Production is continuous when a job-order costing is used to ensure that adequate quantities are on hand. O Process costing systems use periodic inventory systems. In Crawford Company, the predetermined overhead rate is 80% of direct labor cost. During the month, $210,000 of factory labor costs are incurred, of which $180,000 is direct labor and $30,000 is indirect labor. Actual overhead incurred was $200,000. The amount of overhead debited to Work in Process Inventory should be O $120,000. O $160,000. O $144,000. O $168,000. Bonita Company assigns overhead based on machine hours. The Milling Department logs 2480 machine hours and Cutting Department shows 4070 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a O debit to Manufacturing Overhead for $32750. O credit to Work in Process-Cutting Department for $20350. O debit to Work in Process for $20350. O credit to Manufacturing Overhead for $32750