1) Which of the following represents the cost of the jobs sold during the period? Multiple Choice 0 Cost of Goods Sold  0  Finished Goods Inventory 0 Work in Process Inventory Raw Materials Inventory  0  2) Which of the following represents the cost of jobs completed but not yet sold?  Multiple Choice 0 Work in Process Inventory 0 Cost of Goods Sold  0  0  Raw Materials Inventory  Finished Goods Inventory    3) The source document that captures how much time a worker has spent on various jobs during the period is a:  Multiple Choice O labor time ticket

1) Which of the following represents the cost of the jobs sold during the period? Multiple Choice 0 Cost of Goods Sold 
0 
Finished Goods Inventory 0 Work in Process Inventory Raw Materials Inventory 
0 

2) Which of the following represents the cost of jobs completed but not yet sold? 
Multiple Choice 0 Work in Process Inventory 0 Cost of Goods Sold 
0 
0 
Raw Materials Inventory 
Finished Goods Inventory 
 

3) The source document that captures how much time a worker has spent on various jobs during the period is a: 
Multiple Choice O labor time ticket. Ocost driver sheet O job cost sheet O materials requisition form. 

4) Which of the following statements is correct? 
Multiple Choice 
0 0 0 0 
Companies often provide products and services that have both common and unique characteristics, so they may use a blend of job order and process costing. 
Companies must choose to use either job order costing or process costing; there is no overlap between the two systems. 
Companies always use job order costing unless it is prohibitively expensive. 
Companies always use process costing unless it is prohibitively expensive. 

5) Which of the following represents the cost of materials purchased but not yet issued to production? Multiple Choice 0 Cost of Goods Sold 
0 
Raw Materials Inventory 0 Finished Goods Inventory Work in Process Inventory 
0