CORVETTE ASSEMBLY PROCESS Refer to the video for the questions

1. Were there costs that you observed that could "go either way" in terms of how they were classified?

2.Do you see any processes in the video where costs could be reduced by GM?

3.What challenges might GM have in accurately measuring or tracking the various costs?

4. What comments would you make about the data observed in the beginning and ending inventory of the Work in Process and Finished Goods inventories?

5. Could you make an argument that the period costs should actually be part of the product cost of the Corvette?

6. Near the end of the video, where the finished cars are being driven off the line, imagine that it was near the end of the shift for the day and the day happened to be June 30. What challenges would GM accountants have in determining the cost of vehicles in process at that point?

https://www.youtube.com/watch?v=9ccOrwFs3No