TB MC Qu. 02-156 (Static) Portside Watercraft uses a job order... Portside Watercraft uses a job order costing system. During the month Portside purchased $173,000 of raw materials on credit; issued materials to production of $164,000, of which $24,000 were indirect. Portside incurred a factory payroll cost of $95,000, of which $25,000 was indirect labor. Portside uses a predetermined overhead rate of 170% of direct labor cost. The Journal entry to record the Issue of indirect materials to production is: Multiple Choice Debit Raw Materials inventory $24,000 : credit Accounts Payable $24,000 Debit Factory Overhead $24,000 : credit Raw Materials inventory $24,000. Debit Raw Materials Inventory $24,000; credit Work in Process inventory $24,000. Debit Work in Process inventory $24,000 : credit Factory Overhead $24,000. Debit Factory Overhead $24,000; credit Work in Process Inventory $24,000 A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2,000. Factory overhead applied to this job is $9,000. What the cost per bike? Multiple Choice $85 $75 $55 $70 $45 TB MC Qu. 02-137 (Static) Andrew Industries purchased... Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materlals used to complete jobs during the month were $141,000 of direct materlals and $13,000 of indirect materlals. What is the ending Raw Materlais Inventory balance for March? Mutiple Choice $46,000 $11.000 $33,000 $24,000 $9.000