A firm had beginning finished goods inventory of $7,500, ending finished goods inventory of $10,000, and a cost of goods sold of $40,000. What was the cost of goods manufactured? $30,000 $32,500 $37,500 $42.500 $40,000 Which of the following is an example of a period cost? Salary of an assembly line worker. Depreciation on the factory equipment. Factory electricity None of the answers are a period cost. Salary of the Chief Executive Officer(CEO). Identify which items are Product Costs. (Check all that apply.) Raw Materials inventory Manufacturing Overhead Advertising Expense Direct Materials Cost of Goods Manufactured Direct Labor Match the detirition to the letter belaw Cost cannet be traced to a specific product, procens, or departmerat. Cost incurred not related to creating the product itselt. Direct costs incurred in makincs product. Cost can be directly traced to a specific product, department or process. Costs incurred to tum a raw material into a finished good. Cost is related to created a product either directly or indirectly