product are: 13. The three major cost components of manufacturing a A Markoting, selling, and administrative costs. B. Indirect labor, indirect materials, and fixed expenses C. Direct materials, direct labor, and factory D. Product costs, period costs, and variable costs E. General, selling, and administrative costs. 14. A company's prime costs total $3,000,000 and its conversion costs total $7.000,000. If direct are $1,000,000 and factory overhead is $5,000,000, then direct labor is A. $4,000,000. B. $14,000,000. C. $2,000,000. D. $1,000,000. E. $3,000,000. 15. The following information relates to the manufacturing operations of the JNR Printing for the year Beginning Ending Raw materials inventory $57,000 $60,000 68,000 60,000 Finished goods The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to: A. $107,000. B. $115,000. C. $118,000. D. $121,000. E. $126,000. Which of the following represents the correct formula for calculating cost of goods manufactured? A. Direct materials used+ direct labor + factory overhead+ beginning work in process + ending WIP B. Direct materials used + direct labor+ factory overhead + beginning work in process-ending WIP C. Direct materials used + direct labor + factory overhead-beginning work in process + ending WIP. D. Direct materials used + direct labor + factory overhead-beginning work in process E. Direct materials used+ direct labor-factory overhead+ beginning work in process- ending WIP. 16. - ending WIP. p8. 4