B. The production of automobiles.
C. The refining of petroleum.
D. The construction of a new campus building.
Question 3 of 20
5.0 Points
All of the following would be entries in assigning accumulated costs to the Work In Process Inventory except:
A. The purchase of raw materials.
B. Raw materials are used.
C. Overhead is applied.
D. Factory labor is used.
Question 4 of 20
5.0 Points
Process costing is used when
A. The production process is continuous
B. Production is aimed at filling a specific customer order
C. Dissimilar products are involved