Midterm SP 2010 D
The cost of goods that were transferred out of finished goods during the current period is known as:
Current period manufacturing costs
Cost of goods available for sale.
Cost of goods manufactured.
Cost of goods sold.
Cost of goods available for use.
If A sells to B, and B is ultimately responsible for the shipping cost, the goods were
? If C sells to D, and C holds title while goods are in transit, the goods were shipped
FOB shipping point, FOB destination
FOB destination, FOB shipping point
FOB destination, FOB destination
FOB shipping point, FOB shipping point
Dart Company incurred the following costs during 2010:
What was the amount of direct materials used & MOH applied in 2010?
Direct Materials, $600,000, MOH $400,000
Direct Materials, $400,000, MOH $600,000
Direct Materials, $800,000, MOH $600,000
Direct Materials, $600,000, MOH $800,000
Direct Materials, $600,000, MOH $1,000,000