True or False.... Product Costs happen "inside the factory... while Period Costs happen "outside the factory. Select one: True O False Which of the following is needed to book wages for the Factory Shift Supervisor? Select one: O a. Dr. Manufacturing Overhead O b. Dr. Work in Process O c. Dr. Wages Payable O d. Dr. Cash O e. Dr. Wage Expens At the end of the accounting period, Manufacturing Overhead has a $5,000 DEBIT balance after all allocation had been booked. The journal entry to close this account will be.... Dr. (???????) $5,000 Cr. Manufacturing Overhead $5,000 What account will you debit? Select one: O a. Cost of Goods Sold O b. Finished Goods Inventory O c. Work in Process O d. Sales Revenue Given the following information: 10,000 Units for Q1 2021 Sales forecast 2,000 Units estimated Beginning Inventory 3,000 Units desired Ending Inventory How many Units do you need to produce? Select one: O a. 11,000 Units O b. 9,000 Units O c. 10,000 Units O d. 15,000 Units O e. 5,000 Units Given the following information: 10,000 Units for Q1 2021 Production of Product 123 5 pounds of Raw Material needed for each unit made 1,000 pounds of estimated Beginning Inventory for its Raw Material 3,000 pounds of desired Ending Inventory for its Raw Material How many Pounds of Raw Material do you need to buy for this production? Select one: O a. 52,000 pounds O b. 50,000 pounds O c. 54,000 pounds O d. 48,000 pounds O e. 46,000 pounds