1. Which of the following would be considered a direct cost for a unit of production?

A) Depreciation on production facilities

B) Salary paid to factory general supervisor

C) Wages paid to assembly line workers

D) Indirect materials used in the production process

2. When goods are sold, the costs associated with those goods are transferred from Work in Process to Cost of Goods Sold.

true or false

3.When a product is completed, the costs associated with production are debited to the Finished Goods Inventory.

true or false

4. Service firms typically do not have a Finished Goods Inventory.

true or false