1. Companies are required to disclose a separate Schedule of Cost of Goods Manufactured as part of their financial statements. Select one: True False

2. Of the various types of firms, accounting for the operations of a manufacturing firm is typically the most complex. Select one: True False

3. The journal entry to record indirect labor includes a debt to Manufacturing Overhead. Select one: True False

4. The total of all debits and all credits must be equal in the Adjusted Trial Balance. Select one: True False

15. When goods are sold, the costs associated with those goods are transferred from Work in Process to Cost of Goods Sold. Select one: True False