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Classify the following costs as either product (inventoriable) or period (noninventoriable) costs in a manufacturing company: 1. Depreciation on salespersons' cars. 2. Depreciation on factory
Classify the following costs as either product (inventoriable) or period (noninventoriable) costs in a manufacturing company: 1. Depreciation on salespersons' cars. 2. Depreciation on factory equipment. 3. Salespersons' commissions. 4. Lubricants for machines used in the factory. 5. Wages of assembly line workers. 6. The cost of insurance on the factory. 7. Advertising costs. 8. Rent on equipment used in the factory. 9. Lease cost of the corporate jet used by the company's executives. 10. Shipping costs on merchandise sold. 11. Factory supervisors' salary 12. The wages of the receptionist in the administrative offices
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