Question 12 2 Flash Company produces lamps. All of the following are direct costs acest Wages for assembly Electrical cord. Factory rent Lamp shade. Switch Question 13 For product costs associated with a particular product to be reported on the income or The product must be transferred to Finished Goods The product must still be in Work in Process The product must be sold Question 15 2 pts Products that have been completed and are ready to be sold by the manufacturer are called Finished goods inventory. Work in process inventory. Raw materials inventory. Cost of goods sold. Factory supplies. 2 pts are called