Requires Idemily each cost as either a produst cost ar a periol cose If a poosloct cont, clasaify it as ditect materials, direct laber, of factory ovethead, if a period cost, cluvify it as a selins expense or a geacral and aidrministrative expense. Required 1. Prepare the schedule of cost of goods manufactured lar the year. 2. Prepsere the current year insome stadement. equired 2. Write a half-page memorandum to you inutructor (e) Meatify ing the joveatory accouets and (b) identifying whete each as teported on the incoime uatrincit andler balusce sherd for both eomipanici. Problem 18-58 Paw materals ifyentory tumever At Requed 3. Cumpute days sales in raw matrials investory for the connent year. 670 Chasier 1a. Monsoena Aboourtra Cancepte and Procipes. Mequatred 1. Clavify cuch cond and its amount as either preduct or period. The fint cost is completed as a example. 2. Compute the averape mantafturiag oov per BD. Problem 18-2B The following year-end information is taken from the December-31 adjusted trial balance asd other Cusulywg conts reconifl of Best Biber. Requires Idemily each cost as either a produst cost ar a periol cose If a poosloct cont, clasaify it as ditect materials, direct laber, of factory ovethead, if a period cost, cluvify it as a selins expense or a geacral and aidrministrative expense. Required 1. Prepare the schedule of cost of goods manufactured lar the year. 2. Prepsere the current year insome stadement. equired 2. Write a half-page memorandum to you inutructor (e) Meatify ing the joveatory accouets and (b) identifying whete each as teported on the incoime uatrincit andler balusce sherd for both eomipanici. Problem 18-58 Paw materals ifyentory tumever At Requed 3. Cumpute days sales in raw matrials investory for the connent year. 670 Chasier 1a. Monsoena Aboourtra Cancepte and Procipes. Mequatred 1. Clavify cuch cond and its amount as either preduct or period. The fint cost is completed as a example. 2. Compute the averape mantafturiag oov per BD. Problem 18-2B The following year-end information is taken from the December-31 adjusted trial balance asd other Cusulywg conts reconifl of Best Biber