27) What is the current ratio of the Hippodrome Entertainment Company if the current assets are $1,200,000 and the current liabilities are $1,405,000. The current ratio expresscd as a proportion is b. 0.55:. c. 0.44:1 d. 0.85:1. 28) Product costs consist of a. direct materials and direct labor only b. direct materials, direct labor, and manufacturing overhead. c. selling and administrative expenses. d. period costs. 29) Young Chang Company reported the following year-end information: beginning work in process inventory, $180,000; cost of goods manufactured, $730,000; beginning finished goods inventory, $310,000; ending work in process inventory, $220,000; and ending finished goods inventory, $140,000. Young Chang Company's cost of goods sold for the year is a. $900,000. b. $910,000. c. $826,000. d. $502,000. 30) Which one of the following does not appear on the balance sheet of a manufacturing company? a. Finished goods inventory b. Work in process inventory c. Cost of goods manufactured d. Raw materials inventory