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Do all parts 40) 40) Which of the following describes a system in which suppliers deliver materials at the time they are B) Enterprise resource

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40) 40) Which of the following describes a system in which suppliers deliver materials at the time they are B) Enterprise resource planning (ERP) D) Supply chain management (SCM) needed and finished units are completed when customer orders need to be filled A) Total quality management (TOM) 9 Just-in-time Um management 41) 41) The Work-in-Process Inventory account includes the A) goods that have been sold in the market B) goods that are damaged during production O goods that are ready to be sold D) goods that are partially completed 42) 42) Given the following information, determine the cost of goods sold. Direct Labor Incurred Manu Direct Materials Used Finished Goods Inventory, 1/1/2015 Finished Goods In Work-in-Process Inventory, 1/1/2015 Work-in-Process Inventory, 12/31/2015 $63,000 179,500 150,000 12/31/2015 1,000 96,500 109,000 A) $380,000 B) $356,500 C) $1,016,500 D) $414,000 43) Arturo Manufacturing Inc. provided the following information for the year 2015: 43) Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventor Beginni $12,000 28,000 30,000 180,000 Purchases-Raw Materials Direct Labor Indirect Materials Indirect Labor Depreciation on Factory Plant & Equipment Plant Utilities & Insurance 23,500 9,500 12,000 135,000 How much is the cost of goods manufactured? A) $607,000 B) $579,000 C) $591,000 D) $619,000 44) The journal entry to record allocation of manufacturing overhead to a particular job includesa 44) A) debit to the Manufacturing Overhead account and credit to the Finished Goods Inventory account B) debit to the Work-in-Process Inventory account and credit to the Manufacturing Overhead account debit to the Work-in-Process Inventory account and credit to the Cash account account D) debit to the Finished Goods Inventory account and credit to the Manufacturing Overhead 10

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