Beginning Finished Goods Inventory + X - Ending Finished Goods Inventory = Cost of Goods Sold. For a manufacturer, X is .. A. Work in Process B. Cost of Goods Manufactured C. Cost of Goods Available for Sale D. Total Sales Revenue In order for inventory cost to move from Work in Process to Finished Goods Inventory... A. the inventory must be sold to a customer B. the raw materials must be requisitioned to the factory C. the manufacturing overhead must be added to work in process D. the inventory must be finished and ready for sale On what statement will all period costs be reported? A. on the balance sheet as inventory B. on the balance sheet as other assets C. on the income statement as expenses D. on the cash flow statement as additions to net income For a manufacturer of wooden tables, the cost of sandpaper (used to smooth the wood) would be classified as: A. direct materials B. indirect labor C. a period cost D. indirect materials Beginning Raw Materials Inventory + Raw Material Purchases-Ending Raw Materials = X. What is X? A. direct materials cost B. finished goods inventory C. cost of goods sold D. total manufacturing cost