I. All manufacturing overhead costs are indirect costs. II. Insurance on IBM's corporate headquarters are fixed indirect costs. III. The units in beginning work in process inventory plus the units transferred out of the department must equal the units started into production plus the units in ending work in process inventory. IV. The costs attached to products that have not been sold are included in ending inventory on the balance sheet. V. Product Costs are included in inventory until goods are sold. Which one is true? Multiple Choice O I, II, IV, and V only O All of the above I, II, and IV only

1. All manufacturing overhead costs are indirect costs. 11. Insurance on IBM's corporate headquarters are fixed indirect costs. III. The units in beginning work in process inventory plus the units transferred out of the department must equal the units started into production plus the units in ending work in process inventory. IV. The costs attached to products that have not been sold are included in ending inventory on the balance sheet. V. Product Costs are included in inventory unti goods are sold. Which one is true? Multiple Choice I. II, N, and V only All of the above 1. II, and IV only