Presented below are the general descriptions of category of costs reported by a manufacturing company. Indicate the items that are included in each category. You will need to select all of the relevantg items for the description. Most terms relate to one item. Other terms will relate to two or three items. You will use every term at least once. Check all that apply.

1.) Direct Product Costs

2.) Indirect Product Costs

3.) Prime Costs

4.) Conversion Costs

5.)The cost of materials waiting to be used

6.) The cost of Partially-Completed Goods

7.) The cost of products waiting to be sold

8.) The cost of materials transferred from the warehouse to the factory

9.) The cost of completed products transferred from the factory to finished goods

10.) The cost of products sold and delivered to customers

11.) The product costs reported on the income statement

Direct Materials

Direct Labor

Manufacturing Overhead

Raw Materials Inventory

Work In-Process Inventory

Finished Goods Inventory

Direct Materials Entered into (or Used in) Production

Cost of Goods Manufactured

Cost of Goods Sold