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1. With respect to cost classifications for preparing financial statements: (a) What is the total product cost? (b) What is the total period cost? Page

image text in transcribed 1. With respect to cost classifications for preparing financial statements: (a) What is the total product cost? (b) What is the total period cost? Page 53 2. With respect to cost classifications for assigning costs to cost objects: (a) What is the total direct manufacturing cost? (b) What is the total indirect manufacturing cost? 3. With respect to cost classifications for manufacturers: (a) What is the total manufacturing cost (assume there are no opening or closing balances for work in process inventories)? (b) What is the total non-manufacturing cost? (c) What is the total conversion cost and prime cost

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