1181 Fill in the Blank Directions: Write your answer in the blank. deals with the planning, measurement, and control of costs Mcnachure_is the process of transforming raw materials into finished products through the use of labor and other factory costs hea 3. All manufacturing costs are classified into three basic elements -44. The three inventories of a manufacturer arefauo makcals and ish Co The manufacturer's compares to the merchandiser's "net purchases of merchandise. 6The sum of direct materials and direct labor is called mme Cost 7. The sum of direct labor and factory overhead is called Cmvereion Coel 8. The only difference between the balance sheet of a manufacturing firm and that of a merchandising firm is in the sSe Aceu The two basic types of cost accounting systems are the DceSS Coshno .For a manufacturing company, to arrive at the goods available for sale on the income statement, you must add beginning finished goods inventory to