Question 30 4 pts Which of the following represents the cost of the jobs sold during the period? Raw materials inventory Finished goods inventory Cost of goods sold O Work in process inventory Question 31 4 pts Finished Goods Inventory has and ending balance of $225,000. This indicates Some jobs will need to be started next period Some jobs were completed but not yet sold Some jobs were started but not yet completed Some jobs that were completed were sold this period Question 32 4 pts Which of the following statements is true? A process costing system will have a separate raw materials account for each of the major processes. Ajob costing system will have a separate work in process account for each of the major processes. A process costing system will have a separate work in process account for each of the major processes. A process costing system will have a single work in process account. Question 33 4 pts Manufacturing Overhead costs are applied into process by: debiting raw materials inventory crediting wages payable debiting Manufacturing Overhead crediting Manufacturing Overhead Question 34 4 pts If the materials being placed into production are not traced to specific job O raw materials would be debited. O work in process would be debited. manufacturing overhead would be debited. manufacturing overhead would be credited. Question 35 4 pts Inventory accounts are listed in the in the order of ____ to Balance Sheet; Least liquid; Most liquid Balance Sheet; Most liquid; Least liquid Income Statement; Most liquid; Least liquid Income Statement; Least liquid; Most liquid