Question 23 2 pts Cost of Materials Used $45,000 Direct Labor costs Factory Overhead Work in Process, beg. $28,000 Work in Process, end $18000 $48,000 $39.000 What is Cost of Goods Manufactured? $178,000 $132.000 O $122.000 O $142000 Question 24 2 pts Accounting designed to meet the needs of decision-makers inside the business is referred to as: O general accounting Ofinanciall accounting O managerial accounting O external accounting Question 25 2 pts Materials must have which two qualities in order to be classified as direct materials? O They must be classified as both prime costs and conversion costs O They must be introduced into the process in both work-in-process inventories and finished goods inventories O They must be an integral part of the finished product, but can be an insignficant portion of the total product cost They must be an integral part of the hited product and be a significant portion of the total product cost