016. Which of the following properly describes the accounting for indirect labor costs? a) Indirect labor costs are product costs and are expensed as incurred. b) Indirect labor costs are period costs and are expensed as incurred c) Indirect labor costs are product costs and are expensed when the manufactured product is sold d) Indirect labor costs are period costs and are expensed when the manufactured product i sold 017. Assume there was no beginning work in process inventory and the ending work in process inventory is 70% method, the number of equivalent units of production with respect to conversio complete with respect to conversion costs. Under the weighted-average n costs would be: a) the same as the units completed. b) less than the units completed. c) the same as the units started during the period. d) less than the units started during the period