Student name: Drit T AMy P Brite the word or phrase that best completes each statement or FILL IN THE BLANK. Write the word or answers the question. 1) Waters, Incorporated reported the following data regarding costs and inventories for the current year: beginning finished goods inventory, $5,000; cost of goods manufactured, \$21,500; ending finished goods inventory, \$4,000. Cost of goods sold for Waters. Incorporated equals $,22,500 2) includes all manufacturing costs that are not direct materials or 3) In a job order costing system, raw materials requisitioned as direct materials are debited to ; indirect materials are debited to 4) When the actual overhead incurred during an accounting period is more than the overhead applied to jobs, the overhead is said to be 5) production is used by companies that produce customized products for specific customers. 6) A production cost report involves computations and analysis at four sequential steps. These are (1) (2) (3) , and (4) 7) In process costing, a is used to apply overhead. 8) The journal entry to record the transfer of the costs of completed units to finished goods consists of a debit to and a credit to 9) In a process costing system, direct materials used are debited to the account, and indirect materials used are debited to the account. 10) In a process costing accounting system, factory wages are debited to . when direct labor is used. When indirect labor is used, the account is debited. In both cases the is credited. 11) Break-even can be computed with a(n) contribution margin per unit when a mix of products is sold