20. Which is true about the difference between iob costing and process costing is A) Job costing uses direct materials and process costing does not. Job costing costs are accumulated by job and process costing costs are accumulated by department C) Job costing uses actual overhead and process costing applied overhead. D) Manufacturers are only permitted to use process costing. For Questions 21-23 Job Cost Sheets Direct Materials Job Cost Sheet-Job- Eagle Phone 100: Completed and Sold in August Total Direct Applied Factory Overhead MFG Cost Labor Date 8/1 Bal. from 7/31/18 WP Processed in August 5,000 16,000 21,000 S 8.000 42,000 50,000 S 10,000 23,000 78,000 20,000 $ 30,000 S 101.000 Job Cost Sheet-Job- Eagle Laptop 200: In process as of August 31, 2018 Date Processed in August s 50,000 $ 25,000 70,000 145,000 Herlats Job Cost Sheet-Job- Eagle Tablet 300: Completed in August Date Processed in August S 40.000 S 50,000 $ 20,000 110,000 Total Cost $ 141,000 $140,000 630 0880 75,000 A 356,000 21. The journal entry to record the cost for the sale of Job 100 is: TyC v sr A) Cost of goods sold 101,000 C) Cost of goods sold 78,000 Finished goods 78,000 Finished goods 101,000 B) Finished goods 78,000 D) Finished goods 101,000 Work in process 78,000 Work in process 101,000 22. On September 1, the cost for job 200 would be found in: C) Finished goods D) Cost of goods sold A) Raw materials B) Work in process 23. On September 1, the cost for job 300 would be found in: C) Finished goods D) Cost of goods sold B) Work in process A) Raw materials