12:19 AM Wed Nov 11 ved Nov 11 100% + II. 10 points (1) If the work in process inventory has increased during the period, (A) cost of goods sold will be greater than cost of goods manufactured: (B) cost of goods manufactured will be greater than cost of goods sold: (C) current manufacturing costs will be less than cost of goods manufactured: (D) current manufacturing costs will be greater than cost of goods manufactured. Encircle the one most correct answer, (2) The gross profit of the Company for 20x6 is $60,000; the cost of goods manufactured is $300,000; the beginning inventories of work in process and finished goods are $18,000 and $25,000 respectively; and ending inventories of work in process and finished goods are $28,000 and $30,000 respectively. Determine the companys sales for 20x6 and insert your answer in the following blanks (3) An example of factory overhead would be (A) raw materials: (B) office suipplies (C) direct labor and factory overhead; (D depreciation on the plant. Encircle the one most correct answer. (4) Which of the following is the best example of a product cost? (A) property taxes; (B) the corporate presidents salary; (C) cost of goods sold (D) direct lahor in a unit of product; (E) interest charges. Encircle the one most correct answer. (5) Which of the following is the best example of an expired cost? (A) depreciation on factory equpment; (B) conversion costs: (C) cost of goods sold; (D) direct labor : (E) material in a unit of product. Encircle the one most correct answer. Svies 2