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URGENT! please help ASAP! Question 6 4 pts Which type of company would report finished goods inventory as a line item on their balance sheet?
URGENT! please help ASAP!
Question 6 4 pts Which type of company would report finished goods inventory as a line item on their balance sheet? O service company O merchandising company O manufacturing company O nonprofit entity Question 7 4 pts Our company is a manufacturer and has the following data available for the current year: sales, $550,000; cost of goods manufactured, $250,000; finished goods beginning inventory, $20,000; and finished goods ending inventory, $30,000 What is the amount reported on the income statement for cost of goods sold? $260,000 $240,000 $290,000 $310,000 Question 8 4 pts Our company is a manufacturer of sunglasses. Wages for the janitorial staff at the manufacturing facility would most likely be classified as: O direct materials indirect materials O direct labor indirect labor O other factory overhead Question 9 4 pts Which of the following would be both a prime cost and a conversion cost? O direct labor O direct materials O factory overhead indirect labor Question 10 4 pts Which of the following is an example of a period cost? O property taxes on factory depreciation on company cars used by sales force O plant janitor's wages oil for manufacturing equipmentStep by Step Solution
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