managerial accounting

Question 3 Not yet answered The accounting records of ABC Company revealed the following information: Marked out of 1.00 Direct materials $ 60,000 P Flag question Direct labor 125,000 360,000 50,000 189,000 Manufacturing overhead Work-in-process inventory, 1/1 Finished-goods inventory, 1/1 Work-in-process inventory, 12/31 Finished-goods inventory, 12/31 76,000 140,000 ABC's Prime cost is: Select one: A. $519,000 B. $185.000 C. $568,000 D. $522,000 Question 4 The accounting records of Kuwaiti Company Not vet The accounting records of Kuwaiti Company revealed the following information: Cost of goods manufactured $754,000 58,000 125,000 Work-in-process inventory, 1/1 Finished-goods inventory, 1/1 Work-in-process inventory, 12/31 Finished-goods inventory, 12/31 49,000 158,000 The cost of goods sold is: Select one: A. $721,000 B. $778,000 O C. $730,000 D. $787,000 Depreciation of factory equipment would be classified as Select one: A. Operating cost B. Period cost C. Manufacturing overhead O D. Administrative cost