(Answered)-8. Which of the following costs are classified as a period cost? (a) Wages paid to a factory...

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8.   Which of the following costs are classified as a period cost? (a)   Wages paid to a factory custodian. (b)   Wages paid to a production department super- visor. (c)    Wages paid to a cost accounting department supervisor. (d)   Wages paid to an assembly worker. 9.   For the year, Redder Company has cost of goods manu- factured of $600,000, beginning finished goods inventory of $200,000, and ending finished goods inventory of $250,000. The cost of goods sold is: (a)  $450,000. (b) $500,000. (c) $550,000. (d) $600,000. 10.    Cost of goods available for sale is a step in the calcu- lation of cost of goods sold of: (a)   a merchandising company but not a manufac- turing company. (b)   a manufacturing company but not a merchan- dising company. (c)   a merchandising company and a manufacturing company. (d)   neither a manufacturing company nor a mer- chandising company. 11.    A cost of goods manufactured schedule shows begin- ning and ending inventories for: (a)   raw materials and work in process only. (b)   work in process only. (c)   raw materials only. (d)   raw materials, work in process, and finished goods.      

 

Solution ID:10137738 | Question answered on 16-Oct-2016

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