Where would the Goods in Process Inventory account appear on a set of financial statements?

plant asset section on the balance sheet

cost of goods sold section on the balance sheet

operating expense section on the income statement

current asset section on the balance sheet

Which of the following best describes how you would determine the cost to make a product?

actual materials + actual direct labor + applied factory overhead

actual materials + actual direct labor + actual factory overhead

estimated materials + estimated direct labor + applied overhead

actual materials + actual direct labor

Assume you work for a job cost manufacturer. Where would you look to find the overhead cost allocated to one particular job?

a. labor time record c. materials requisition

b. job cost sheet d. schedule of costs of goods manufactured