When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be applied is

a.

Debit Work in process, credit Material Inventory

b.

Debit Factory overhead control, credit Material Inventory

c.

Debit Material Inventory, credit Work in process

d.

Debit Finished goods inventory, credit Work in process

In a Job costing system, the journal entry to record the transfer of goods from production department to finished goods inventory is

a.

Debit work in process inventory, credit finished goods inventory

b.

Debit cost of goods sold, credit work in process inventory

c.

Debit finished goods inventory, credit work in process inventory

d.

Debit work in process inventory, credit cost of goods sold

Process costing is a method of costing used in what type of industries?

a.

Construction

b.

Hospital

c.

Manufacturing

d.

Transportation

Which one of the following is related to process costing?

a.

Varity of products

b.

No work in process

c.

Process wise cost are collected

d.

Cost control is difficult

In process costing, the calculation of cost per unit is:

a.

(Process units - normal loss) Expected output

b.

(Process cost - normal loss) Actual output

c.

(Process cost + normal loss) Expected output

d.

(Process cost + normal loss) Actual output