28. Given: Costs are often divided into Product Costs and Period Costs.

Evaluate: Factory Overhead costs would rarely, if ever, be classified as Period Costs True/False

29. For which of the following businesses would a process cost system be most appropriate?

a. airplane manufacturer. b. crude oil refinery c.

custom furniture manufacturer d OB/Gyn doctor's office

25. In a Process Cost System, if ending inventory is 33% completed as to conversion costs at the end of the period, then those units will require ______ conversion costs to be added in the next period IF THEY ARE COMPLETED in that period.

a. 67% b The answer cannot be determined. c 33%