5.Costs that are expensed when incurred are called: A. product costs. B. direct costs. C. inventoriable costs. D. period costs. E. indirect costs 6. The accounting records of Ehrlich Company revealed the following costs: direct materials used, $250,000; direct labor, $425,000; manufacturing overhead, $375,000; and selling and administrative expenses, $220,000. Ehrlich's product costs total: A. $675,000 B. $1,050,000. C. $895,000 D. $1,270,000 E. None of the answers is correct 7. How should a company that manufactures automobiles classify its partially completed vehicles? A. Work in process inventory B. Raw materials inventory. C. Finished goods inventory. D. Cost of goods manufactured. 8.Work-in-process inventory is composed of: A. direct material and direct labor. B. direct labor and manufacturing overhead. C. direct material and manufacturing overhead. D. direct material, direct labor, and manufacturing overhead. E. direct material only