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1. For a manufacturing company, identify the following as either a product cost or a period cost a. Depreciation on plant equipment b. Depreciation on

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1. For a manufacturing company, identify the following as either a product cost or a period cost a. Depreciation on plant equipment b. Depreciation on salespersons' automobiles c. Insurance on plant building d. Marketing manager's salary e. Raw materials f. Manufacturing overhead g. Electricity bill for home office h. Production employee wages 2. Show how to compute cost of goods manufactured. Use the following amounts: direct materials used, $24,000; direct labor, $9,000; manufacturing overhead, $17,000;, beginning Work-in-Process Inventory, $5,000; and ending Work-in-Process Inventory, $4,000. 3. Using the results from Requirement 2, calculate the per unit cost for goods manufactured assuming 1,000 units were manufactured. 4. Beginning Finished Goods Inventory had 100 units that had a unit cost of $50 each. Ending Finished Goods Inventory has 200 units left. Calculate cost of goods sold

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