GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 2

Prime costs = $195,000
Conversion Costs = $221,000
Direct Materials used = $85,000
Beginning Work-in-Process = $98,000
Ending Work-in-Process = $81,000
Direct labor used is calculated to be:
Question 7. Question : Tierney Construction, Inc. recently
lost a portion of its financial
records in an office theft. The following accounting
informationremained in the office files:
COGS = $80,000
Question 8. Question : The sum of units transferred out and
ending inventory units,assuming no spoilage, determines:
Question 9. Question : The journal entry to record finished
product units would include a
debit to:
Question 10. Question : The journal entry required to record
factory depreciation includes:
Question 11. Question : Which one of the following is one of
the key steps in determining
process costs?