GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 22

Question 11. Question : The journal entry to record incurred
direct labor would include a
credit to:
Student Answer:
Work-in-Process Inventory.
Accrued Payroll.
Factory Overhead.
Materials Inventory.
Finished Goods Inventory.
Question 12. Question : Process cost systems are used in all
of the following industries
except:
Student Answer:
Chemicals.
Ship building.
Oil refining.
Textiles.
Steel.
UNIT 2 QUIZ