25) Which of the following is true of just-in-time (JTT) inventory managemen? A) It is a system in which the company produces product only a B) It results in more storage and insarance cost. C) t requires a surphus inventory of finished goods to eneure timely, or D) fter receiving an ordes. It promotes surplus Inventory to prevent production shut-down in case of supply interruptions hich of the following is one of the key standards of ethical practice published by the IMA? C) Environmental sensitivity B) Confidentiality D) Objectivity 27) One of the primary activities of Rex Inc. is to purchase hats fromn Viva Inc. in Texas and sell them to 27) its customers in Washington for a profit. It is likely that Rex is a A) hybrid company C) merchandising company B) service company D) manufacturing coenpany 28) Goods that have been started in the manufacturing process but are not yet complete are indluded 25)_ A) the Raw Materials Inventory account C) the Cost of Goods Sold account B) the Finished Goods Inventory account D) the Work-in-Procesa Inventory account 29) Damsel Inc. is a large manufacturer of auto tires. Damsel has peovided the folloving information information:9 $45,500 1,500 32,500 35,000 of Calculate the amount of ending finished goods inventory reported in Damsel's balance sheet D) $10,500 A) $36,500 B) $3,500 C) $4,000 30) Product costs are expensed: A) at the end of the accounting period they are incurred in. B) when the market value of products goes above the recorded value. C) when the products are consumed or sold. D) when the products are transferred to Work-in-Process Inventory account. B) Commissions paid to sales staff D) Salary of administrative staff A) Depreciation on corporate building C) Wages paid to factory janitor 31) For a manufacturing firm, which of the following is a product cost? B) Salary of vice president of production D) Wages of factory security guard A) Salary of production manager C) Wages of assembly line personnel 32) Which of the following is an example of direct labor cost in a factory? B) Salaries of salesmen D) Indirect labor and indirect materials be included in manufacturing overhead costs? A) Delivery costs to ship goods to customers C) Direct materials and direct labor 33) Which of the following will