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1. The direct materials section of a job cost sheet shows the materials costs assigned...

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Question

Accounting

1. The direct materials section of a job cost sheet shows the materials costs assigned to a job, but the direct labor section only shows the total hours of labor allocated to the job.

True

False

2. A company's file of job cost sheets jobs not yet completed equals the balance in the Finished Goods Inventory account.

True

False

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