Whats the answers

reports the following cont Materials Used What is the cost of goods sold for Mand A) $78,100 B) $72,800 D) $3100 $75,400 13) W of the following describes the cost of goods manufactured? A) the cost of those goods that were completed during the period the cost of the goods that were sold during the period 0) the total cost of all goods that were completed, or partially complieted D) the total costs in inventory at the end of the period during the period 14) Garrett Corporation provided the following information for the year Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process 83,000 Ending Balance- Direct Materials Purchases Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance 18,000 25 What was the amount of direct materials used in production during the year? B) $66,000 $831,000 D) $360,000 $383,000 15) Which one of the following companies is most likely to use job order costing? A) a soft drink company C a gold refinery Dy a law firm 16) Which of the following accounts would be debited in the journal entry to record the issuance of direct materials? A) Cost of Goods Sold C) Raw Materials Inventory B) Finished Goods Inventory PWork-in-Process Inventory BA Adiphia Manufacturing issued sm000 of direct materials and StOOO of indirect material, for prafaction Which of the tollowing josurnal entries would correctly record the transaction? 17) ,000 Work-in-Process InventoryY 10,000 80 Raw Materials Inventory 80,000 80,000 D) Work-in-Process Inventory Raw Materials Inventory 80,000 accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October Account Raw Materials Inventory Work-in- Process Inventory Debit $31 Finished Goods Inventory Manufacturing Overhead 20,0007X During the month, direct materials amounting to $21,000 and indiredt materials amounting to 56000 were issued to production. What is the ending balance in the Work-in-Process Inventory account following these two transactions? A) $44,000 B) $10,000 $65,000 D) $26,000 During June, the following transaction took place June 2: Issued $2200 of direct materials and $700 of indirect materials to production What was the balance in the Manufacturing Overhead account following this transaction? $41,700 B) $43,900 C) $41,000 D) $43,200 20) The journal entry to record direct labor costs actually incurred involves a debit to the 20) , B) Wages Payable account D) Manufacturing Overhead account A) Raw Materials Inventory account Work-in-Process Inventory account 21) The flow of costs in a job order costing system 21) A) cannot be determined until all jobs are complete B) transfers all costs to manufacturing overhead C) includes the major steps of accumulating and amortizing D) involves accumulating costs and then assigning costs to jobs 22) 22) Which of the following will be categorized as a manufacturing overhead cos A) depreciation on factory plant and equipment B) administration charges of showroom Q wages paid to assembly line workers D) cost of direct materials used 23) 23) Which of the following correctly describes the term cost driver? A) the inflation rate that causes costs to rise B) the average inventory costs incurred at any point of time C the total material, labor, and overhead costs of a completed job Drthe primary factor that causes a cost to be incurred