If the amount of "Cost of goods manufactured" during a period exceeds APU | Page 2

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