S. For a manufacturing company, which of the following is an example of a period cost rather than a product cost? A) Depreciation on factory equipment C) Wages of machine operators B) Wages of salespersons D) Insurance on factory equipment 9. Cloudy Comfort Company's accounting records reflect the following inventories: Dec. 31 2012 Dec. 31, 2011 $310,000 Raw materials inventory $260,000 300,000 Work in process inventory 160,000 150,000 Finished goods inventory 190,000 During 2012, $400,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000. The total raw materials available for use during 2012 for Cloudy Comfort is A) $710,000 BO $260,000 C) $350,000 D) $660,000 10. Anchor Manufacturing Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $880,000, beginning finished goods inventory, $50,000; ending work in process inventory, $70,000, and ending finished goods inventory, $40,000. How much is Anchor's cost of goods sold for the year? A) $880,000 B) $890,000 C) $870,000 D) $900,000