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Which of the following accounts is not an inventory account? Mytuple Choice. Workuin-Process. Finished Goods. Supplies Raw Moterials. Factory Overhead. A Schedule of Cost of

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Which of the following accounts is not an inventory account? Mytuple Choice. Workuin-Process. Finished Goods. Supplies Raw Moterials. Factory Overhead. A Schedule of Cost of Goods Manufactured contains all of the following (in dollars), except for: Multiple Choice Direct materials, Direct labor. Cost of Goods Sold: Work-in-Process from prior period Factory Overhead. Products that are in the process of being manufactured but are not yet complete are called: Multiple Choice Raw materials inventory. Merchandise inventory. Cost of good manufactured. Cost of goods sold. Work-in-process inventory. There are three types of companies Service; Merchandising: Manuficturing. What do Merchandising and Manutacturing companies have that a Senice company does not? Multiple Chaice Salaried employees. Credit sales. Hourly wage employees. inventory for sale. Credit purchases. How is "Direct Materials Used" calculated for a manufacturing company? Multiple Choice Beginning Raw Materials inventory - Purchases + Ending Raw Materials Inventory. Direct Materials + Indirect Materials - Factory Overhead. Direct Materials + Indirect Materials + Factory Overhead. Beginning Raw Materials inventory + Purchases - Ending Raw Materiais Inventory. Prime costs - Conversion costs Which of the following statements is true? Multiple Choice All factory costs are expensed. Only major factory costs are incorporated into the products produced. All factory costs are fixed costs. All factory costs must be incorporated into the products produced. Only minor factory costs are expensed. Prime costs include: Multipie Choice Direct materials costs + factory overhead costs. Direct labor costs + factory overhead costs. Direct labor costs + indirect labor costs. Direct material costs + direct labor costs. Direct material costs + indirect material costs

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