UlNpletion Status: QUESTION 27 Product costs are recorded on the balance sheet as inventory umol goods are evernualy sold.Theronsten tedb- taken directly to the income statement as an expense O True OFalse ..- QUESTION 28 Manufacturing overhead includes O a. all direct material, direct labor and administrative costs. O b. all selling and administrative costs O c. all manufacturing costs except direct labor. O d. all manufacturing costs except direct iabor and direct materials QUESTION 29 Using the following data, calculate the cost of goods manufactured: Direct materials $19,000 Direct ubor $18,000 Meuf process inventory $10,000 O 1.559,000 O2.$57,000o O 3. 555,000 4. $69,000 Elliott Company uses a predetermined overhead rate based an machine-hours to apply 4200 QUESTION 30 Job 1501 Direct materials used ick Save All Answers to save all arsswers