ANSWER THE FOLLOWING QUESTIONS CORRECTLY

14. A materials requisition slip showed that direct materials requested were $30,000 and indirect materials requested were $6,000. The entry to record the transfer of materials from the storeroom is a. Work In Process Inventory 30,000 Raw Materials Inventory 30,000 b. Direct Materials 30,000 Indirect Materials 6,000 Work in Process Inventory 36,000 c. Manufacturing Overhead 36,000 Raw Materials Inventory 36,000 d. Work In Process Inventory 30,000 Manufacturing Overhead 6,000 Raw Materials Inventory 36,000 15. If the entry to assign factory labor shows only a debit to Work In Process Inventory, then all labor costs were a. direct labor. b. indirect labor. c. overtime related. d. regular hours. 16. The following information is available for completed Job No. 402: Direct materials, $20,000; direct labor, $30,000; manufacturing overhead applied, $15,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is a. $10,000. b. $65,000. c. $13,000. d. $52,000.