15) Conversion costs are: A) direct material and direct labor. B) prime costs. C) period costs. D) direct material, direct labor, and manufacturing overhea E) direct labor and manufacturing overhead 16) In a manufacturing company, the cost of goods completed during the period would include which of the following elements? A) Raw materials used. B) Beginning finished goods inventory C) Depreciation of delivery trucks. D) Marketing costs E) All of the answers are correct. 17) Which of the following equations is used to calculate cost of goods sold during the period? A) Beginning finished goods + cost of goods manufactured B) Beginning finished goods+ending finished goods - cost of goods manufactured. C) Beginning finished goods-ending finished goods. D) Beginning finished goods+cost of goods manufactured-ending finished goods. E) Beginning finished goods+ cost of goods manufactured+ ending finished goods. 18) Harrison Industries began July with a finished-goods inventory of $48,000. The finished-goods inventory at the end of July was $56,000 and the cost of goods sold during the month was $125,000. The cost of goods manufactured during July was A) $125,000. B) $104,000. C) $117,000. D) $133,000. E) None of the answers is correct