Multiple choice

1. When Dimock Construction's Designer House #10 is completed, Dimock's

A) work in process is increased.

B) total assets are increased.

C) work in process is decreased.

D) total assets are decreased.

2. The total of the dollar amounts on the job order cost cards that have not been completed would be equal to the

A) cost of goods completed.

B) balance in the Finished Goods Inventory account.

C) Cost of Goods Sold account.

D) balance in the Work in Process Inventory account.

3. Costs assigned to the building of a house should appear on the income statement when

A)  the house is completed.

B) the house is sold.

C) the purchase order to manufacture the house is received.

D) cash is collected for the sale of the house.

4. The basic document for keeping track of costs in a job order costing system is a

A) job order cost card.

B)  labor time card.

C) process cost report.

D) materials requisition form.