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Question 4 Not yet answered Marked out of 0.50 XYZ Company uses a job costing system. The direct materials for Job Y were purchased in
Question 4 Not yet answered Marked out of 0.50 XYZ Company uses a job costing system. The direct materials for Job Y were purchased in September and planned to put into production in October. The job was not started by the end of October. At the end of October, in what account would the direct materials cost assigned to Job Y be located? Select one: a. None of the given is correct. b. Raw Materials Inventory. c. Cost of Goods Sold. OOOOO d. Work-in-Process Inventory. e. Finished Goods Inventory. Clear my choice Question 5 Not yet answered Marked out of 0.50 The balance in the Cost of Goods Sold at the year end equals Select one: a. the manufacturing cost of jobs ordered but not yet started into production. b. the sum of the manufacturing costs for all jobs in process but not yet completed. c. the manufacturing costs of all jobs started during the period, completed or not. d. the costs for jobs finished during the period and sold. e. the sum of the materials, labor and overhead costs paid during the period. OOO
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