QUESTION 8

1. In which one of the following accounts would all three product costs NOT be found?

A.Work in Process Inventory B.Finished Goods Inventory C.Direct Materials Inventory D.Cost of Goods Sold

QUESTION 9

1. How many different types of inventory accounts does a manufacturing company typically use?

A.One B.Two C.Four D.Three

QUESTION 10

1. Recorded costs for A-B Division, which manufactured 3,000 units of Product A-B during the month, are as follows:Direct materials $250,000Direct labor 200,000Indirect production costs 40,000Supervisory services 20,000Total $510,000The per-unit cost of manufacturing Product A-B this month is

A.$150 .B.$163. C.$170. D.$152.