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Question 4 20 pts Depreciation: A. Is a product cost if it relates to salespersons automobiles. B. Is a period cost if it relates to

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Question 4 20 pts Depreciation: A. Is a product cost if it relates to salespersons automobiles. B. Is a period cost if it relates to salespersons automobiles. C. Is always a product cost. D. Is always a period cost. E. None of the above are true. Question 5 20 pts Fort Walton Industries began July with a finished-goods inventory of $41,000. The finished-goods inventory at the end of July was $48,000 and the cost of goods manufactured during the month was $132,000. The cost of goods sold during July was: A. $41,000. B. $44,000 C. $125,000 D. $132,000. E. Some other amount

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