ccounts Receivable Whitman $41.000 6.000 Cash Rockland 68,000 7.000 25,000 40.000 Finished Goods Goods in Process Merchandise Inventory Prepaid Expenses Raw Materials 48.000 1.000 2.000 21,000 Required: a. Which Company is a manufacturer? Why? b. Prepare the current asset section of the balance sheet for the manufacturer. Question 21 22-2 Cost Classifications The following cost items relate to the operations of DEF Company. Classify each of the following as a variable, fixed product cost or a period cost by placing an "X" in the appropriate column. Also indicate for those product costs whether they are direct or indirect. Direct Indirect Variable Costs Fixed Costs Period Costs Product Costs Administrative Salaries Direct Labour Janitors Salary - Factory Factory Supplies Direct Materials