Evaluate each of the preceding and determine whether the cost is (a) a product cost or a periodcost, (b) variable or fixed term of behavior, and (c) for the product costs only, whether the cost is properly classified as direct material, direct labor, or manufacturing overhead item 8 is done as an example:

Tire costs: product cost, variable cost, direct material

For each case below, find the missing amount.

Case 1 Case 2 Case 3

Beginning inventory of finished goods ? 1,800 3,500

cost of goods manufacture during period 104,750 142,500 ?

ending inventory of finished goods 24,500 12,000 10,500

Cost of goods sole 101,250 ? 152,000