This less Your answers are saved automatically. Remaining Time: 48 minutes, 34 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 16 Work in Process (WIP) is reported as an: expense on the balance sheet asset on the balance sheet expense on the income statement item on both the balance sheet and the income statement asset on the income statement Moving to the next question prevents changes to this answer DOO 80 F3 F4 F5 F7 # CA % 8 This test does not allow backtracking. Changes to the answer after submis Your answers are saved automatically. Remaining Time: 48 minutes, 19 seconds. Question Completion Status: A Moving to the next question prevents changes to this answer. Question 17 Rent for the president's office space would be classified as direct material direct labor manufacturing overhead seling expense administrative expense Moving to the next question prevents changes to this answer. 80 DOO 000 F4 65 7 % & 3 4 Your answers are saved automatically. Remaining Time: 48 minutes, 08 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 18 Coca-Cola would use a costing system. job order process Moving to the next question prevents changes to this answer 80 F3 888 og # 7 2 % 3 4 5 6 & 7 W F J ning Time: 47 minutes, 48 seconds. ion Completion Status: Moving to the next question prevents changes to this answer. tion 19 Finished Goods is the account used to: record the manufacturing costs associated with the units that were sold during the period accumulate product costs while the units are in production record the costs associated with materials that have not yet gone into production record the value of the goods available for sale record the revenue earned from the sale of goods during the period Moving to the next question prevents changes to this answer. 900 000 F3 so F4 FS F2 F8 % & 4 5 6 7