Which one of the following costs is "inventoriable?" Indirect material costs Administrative costs Period costs Selling costs Question 5 (1 point) A company uses sandpaper in its production process. How is the cost of the sandpaper classified? Miscellaneous expense A direct material A period cost An indirect material Question 6 (1 point) Edmiston Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $780,000; beginning finished goods inventory, $50,000; ending work in process inventory $70,000; and ending finished goods inventory. $40,000. How much is Edmiston's cost of goods sold for the year? a) $790,000 b) $780,000 c) $800,000