which of the following is not a product cost:

a - metal costs incurred by coca cola profucing cans of soda

b - depreciation factory machinery

c - propterty taxes on manufacturing facility

d - cost of televisions for sale by walmart

e - all of the above are product costs

manufacturing costs that have become expenses are found in

a - finished goods inventory

b - work in process inventory

c - operating expenses

- cost of goods sold

- none of the above

In the current period, a company applied manufacturing overhead of $200,000 and had actual manufacturing overhead of $180,000. The company had no beginning inventory or ending Inventory. That is, they sold all of the products that they produced this period. If the company does not correct for the over or under applied overhead, this will result in:

a.) An overstatement of operating income of $20,000

b.) An overstatement of cost of goods sold of $20,000

c.) An understatement of inventory of $20,000