1. The depreciation expense associated with a forklift that is used to place finished goods onto the delivery truck (delivery trucks then deliver merchandise to customers at their homes) is

- a mixed cost

- a period cost

- a sunk cost

- a product cost

2. The reason for COGM's necessity as a distinct calculation is

- It is required to calculated COGS, and subsequently, net income.

- Manufacturers need to prove ending inventory balances.

- It helps prevent waste and loss.

- It is used to forecast next period's profitability.