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6. (TCO 1) Which of the following is a conversion cost? (Points 7) O Interest paid on the headquarters office building O Costs to rent
6. (TCO 1) Which of the following is a conversion cost? (Points 7) O Interest paid on the headquarters office building O Costs to rent the factory O Advertising costs O Direct materials costs 7. (TCO 1) On December 31, 2015, XYZ Inc. has a balance in the Finished Goods Inventory account of $50,000. On January 1, 2015, the balance in the Finished Goods Inventory account was $75,000. On December 31, 2015, the balance in the Work-in-Process inventory account is $25,000. On January 1 2015, the balance in the Work-in-Process inventory account is $10,000. Cost of goods manufactured is $160,000. How much is cost of goods sold? (Points $135,000 o $145,000 o $185,000 o $175,000 8. (TCO 2) Which of the companies below would be most likely to use job-order costing? (Points 7) O A brick manufacturer o A breakfast cereal manufacturer O A frozen cranberry juice processor O An automobile repair shop
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