Advertising is considered what type of cost?

	Period Costs
	Direct Labor Cost
	Manufacturing Overhead Costs
	Direct Material Costs

Suppose a bakery reports the following information. What is the cost of goods sold?

Beg Direct Mat	$6,000
End Direct Mater	5,000
Beg WIP	3,000
End WIP	2,000
Beg Fin Goods	4,000
End Fin Goods	6,000
Direct Labor	29,000
Purchases of DM	102,000
Manufacturing OH	20,000

	$151,000
	$153,000
	$150,000
	$177,000

Under US GAAP, only product costs can be assigned to products.

	True
	False

Production Supervisor's salary is a......

	Selling Costs
	Direct Materials Costs
	Direct Labor Costs
	Manufacturing Overhead Costs