RUSH

Using the key below,

Accounts receivable		Materials inventory		Factory overhead		Work in process inventory		Finished goods inventory		Accounts payable		Wages payable		Retained earnings (Income and/or Expense account)
1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16

Where should a manufacturing company record the purchase of materials on account?

3 and 12

4 and 11

15 and 12

Where should a manufacturing company record the transfer (use) of direct materials in production?

7 and 4

3 and 8

6 and 4

4 and 15

Where should a manufacturing company record the use of direct labor wages incurred in production?

7 and 14

5 and 12

5 and 14

15 and 14

Where should a manufacturing company record factory overhead incurred on account in production?

5 and 12

15 and 12

7 and 12

5 and 2

Where should a manufacturing company record factory overhead when it is applied to the product cost?

7 and 6

5 and 8

15 and 6

9 and 6