mutiple choice

Choose the best answer to fill in the blanks. An answer may be used more than once or not at all. 1. activity 2. cost of goods manufactured 3. cost of goods sold 4. direct labor Companies that make fairly customized products such as guitars, yachts, or private planes likely employ a(n) _ _ cost system. 5. direct materials 6. financial accounting 7. finished goods inventory reports do not have to be prepared at fixed time intervals (e.g. annually, quarterly, monthly). Glue used in a guitar would generally be treated as _ _ 8. gross profit 9. indirect labor Merchandise inventory of a retailer is similar to manufacturer of a 10. Indirect materials Wages of assembly line workers would generally be treated as 11. job order 12. managerial accounting 13. process 14. raw materials inventory 15. work in process inventory