Which of the following is a manufacturing cost? A) Cost of supplies used by sales personnel B) Indirect factory labor C) Product advertising costs D) Administrative expenses 22. Westerhouse manufactures refrigerators. Which of the following items is most likely considered an indirect material cost for Westerhouse? A) Supplies used by the factory janitor B) Refrigerator motors C) Gasoline costs for trucks used to deliver products to customers D) Glass shelves for the refrigerators 23. Product costs A) are considered an asset until the finished goods are sold. B) become an expense in the period the costs are incurred. C) are also called period costs. D) All of these answer choices are correct. 24. Which of the following is a period cost? A) Rent on a factory machine B) Maintenance on production equipment C) Indirect labor D) Janitorial costs for the corporate office 25. Which of the following accounts does not appear on the balance sheet? A) Raw Materials Inventory B) Work in Process Inventory C) Cost of Goods Manufactured D) Finished Goods Inventory Cost of goods manufactured A) is equal to the beginning Work in Process Inventory plus the current period's manufacturing costs plus the ending Work in Process Inventory. 3) is always equal to cost of goods sold. is the amount transferred from Work in Process Inventory to Finished Good: Inventory during the period. is transferred to Raw Material Inventory account