What is the journal entry to record issuing supplies from the storeroom?

A. Debit OverheadApplied; credit Raw Materials Inventory

B. Debit OverheadControl; credit Supplies Inventory

C. Debit Supplies Inventory; credit OverheadApplied

D. Debit OverheadApplied; credit Supplies Inventory

In a manufacturing company, the purchase of materials on account should be recorded as follows:

A.

Raw Materials Inventory

Accounts Payable

B.

Work-in-Process Inventory

Accounts Payable

C.

Finished Goods Inventory

Accounts Payable

D.

Accounts Payable

Raw Materials Inventory

The formula for cost of goods manufactured is

A. raw materials plus direct labor minus overhead plus beginning work-in-process inventory plus ending work-in-process inventory.

B. raw materials minus direct labor plus overhead plus beginning work-in-process inventory plus ending work-in-process inventory.

C. beginning work-in-process plus total manufacturing cost minus ending work-in-process.

D. raw materials plus direct labor less overhead plus beginning work-in-process inventory less ending work-in-process inventory.

Candyland completed the manufacturing process. The entry to transfer the product to finished goods is which of the following?

A.

Raw Materials Inventory

Finished Goods Inventory

B.

Finished Goods Inventory

Cost of Goods Sold

C.

Finished Goods Inventory

Work-in-Process Inventory

D.

Finished Goods Inventory

Raw Materials Inventory

Factory Supplies Expense, Depreciation ExpenseFactory, and Heat, Light, and PowerFactory appear on which section of the worksheet?

A. Statement of cost of goods manufactured

B. Balance sheet

C. Income statement

D. Statement of cost of goods sold

The entry to record rent expense of $9,000, supervision expense of $19,000, and depreciation expense of $7,000 to overhead is which of the following?

A. Debit OverheadApplied $35,000; credit Rent Expense $9,000; credit Supervision $19,000; credit Depreciation Expense $7,000
B. Debit OverheadControl $35,000; credit Rent Expense $9,000; credit Supervision $19,000; credit Depreciation Expense $7,000
C. Debit OverheadApplied $35,000; credit OverheadControl $35,000
D. None of the above

Calculate the cost of goods sold when beginning finished goods inventory equals $70,000, ending finished goods inventory is $85,000, and cost of goods manufactured is $600,000. A. $615,000 B. $445,000 C. $685,000 D. $585,000