Direct labor costs for a computer manufacturer include the A wages canned by computer assemblers B. factory depreciation and utilities C. cost of computer chips and circuit boards D. company president's salary 10. Factory overhead costs for a computer manufacturer include the A wages earned by computer assemblers B. factory depreciation and utilities C. cost of computer chips and circuit boards D company president's salary _11. The balance sheet of a manufacturer reports A sales, cost of goods sold, and operating expenses B. general and administrative and selling expenses C. finished goods inventory, work in process inventory, and raw materials inventory D. direct labor, direct materials, and factory overhead costs Cost of goods sold for a manufacturer is calculated as A Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory B. Beginning raw materials inventory +Raw materials purchases - Ending raw materials inventory C. Beginning merchandise inventory + Cost of goods purchased - Ending merchandise inventory D. Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory 13. Beginning finished goods inventory is $50.000, and ending finished goods inventory is $30,000. Cost of goods sold is $120,000. Cost of goods manufactured is A. $200,000 B. $140,000 C. $100,000 D. $40,000 Chapter 15: Job Order Costing and Analysis 14. Job order costing would most likely be used by A. soft drink bottlers B. pharmaceutical companies C. petroleum refineries D. custom home builders 15. In job order costing, the journal entry to record the purchase of raw materials on account A debits Work in Process Inventory and credits Raw Materials Inventory B. debits Raw Materials Inventory and credits Accounts Payable C. debits Factory Overhead and credits Raw Materials Inventory D. debits Accounts Payable and credits Raw Materials Inventory 16. In job order costing, the journal entry to record the cost of indirect materials used in production A. debits Work in Process Inventory and credits Raw Materials Inventory B. debits Raw Materials Inventory and credits Accounts Payable C. debits Factory Overhead and credits Raw Materials Inventory D. debits Accounts Payable and credits Raw Materials Inventory 17. In job order costing, the journal entry to record the cost of direct labor used in production A debits Work in Process Inventory and credits Factory Wages Payable B. debits Factory Wages Payable and credits Work in Process Inventory C. debits Factory Wages Payable and credits Factory Overhead D. debits Factory Overhead and credits Factory Wages Payable