3. Which one of the following is the
correct sequential flow of production
costs?
a. Direct material, finished
goods, work-in-progress and
costs of sales
b. Direct material, work-in-
progress, finished goods and
costs of sales
c. Work-in-progress, finished
goods direct material and
costs of sales
d. Finished goods, work-in-
progress, direct material and
costs of sales
4. The appropriate journal entry when
R50 000 of raw materials are
purchased in cash is
a. Dr Materials Control R50 000;
Cr Bank R50 000.
b. Dr Work-in-Progress Control
R50 000; Cr Bank R50 000.
c. Dr Production Overhead
Control R50 000; Cr Bank
R50 000.
d. Dr Consumables Inventory
Control R50 000; Cr Bank
R50 000.