50 in the flow of costs which of the following comes second a cost of goods sold b f 4310462

50) In the flow of costs, which of the following comes second?

A) Cost of goods sold

B) Finished goods inventory

C) Work in process inventory

D) Raw materials inventory

51) In the flow of costs, which of the following comes third?

A) Finished goods inventory

B) Cost of goods sold

C) Raw materials inventory

D) Work in process inventory

52) In the flow of costs, which of the following comes last?

A) Finished goods inventory

B) Cost of goods sold

C) Raw materials inventory

D) Work in process inventory

53) A ________ is a document which is prepared by manufacturing personnel to request materials for the production process.

A) cost ticket

B) job cost record

C) materials requisition

D) manufacturing ticket

54) An internal request for raw materials calls for a ________ to be completed.

A) materials requisition

B) bill of materials

C) purchase order

D) labor time record

55) When used, raw materials

A) would be classified as direct materials.

B) would be classified as direct labor.

C) would be classified as indirect materials.

D) cannot be determined with the information provided.

56) Payroll costs for factory employees who do not work directly on the product are considered

A) direct labor.

B) selling expenses.

C) manufacturing overhead.

D