answer all true or false questions

QUESTION 18 Period costs such as marketing expenses are inventoriable (counted as part of the cost of inventory) and therefore can be found in the inventory accounts on the balance sheet. They are expensed when the product is sold, through cost of goods sold. O a. True O b. False QUESTION 19 Product costs such as direct materials, direct labor and factory overhead are inventoriable and therefore carried on the balance sheet as inventory until the product is sold. O a. True O b. False QUESTION 20 An example of indirect materials (and thus part of overhead) would include cost of grease used in the production of automobiles. O a. True O b. False