Total manufacturing costs/product costs include o direct materials and direct labor only. O Indirect materials, Indirect labor, and other indirect manufacturing costs. o direct labor and manufacturing overhead only. O direct materials, direct labor, and manufacturing overhead. Question 2 Period costs include: Manufacturing overhead Direct materials & direct labor Selling & administrative costs All of the above Question 3 A manufacturing company calculates cost of goods sold as follows: Beginning finished goods inventory + cost of goods manufactured - ending finished goods inventory Ending finished goods inventory-- cost of goods manufactured + beginning finished goods inventory Beginning finished goods inventory - cost of goods manufactured - ending finished goods inventory Beginning finished goods inventory + cost of goods purchased - ending finished goods inventory