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A Manufacturing Company Has Identified Several Costs

Question 64

Essay

A manufacturing company has identified several costs.Indicate whether each of the following costs is an Inventoriable cost(I)or a Period cost(P):
________ 1.depreciation on factory equipment
________ 2.depreciation on treasurer's desk
________ 3.direct materials
________ 4.factory supplies
________ 5.indirect labor
________ 6.repairs expensefactory
________ 7.office supplies
________ 8.advertising expense
________ 9.depreciation on office equipment
________10.direct labor
________11.factory supervisor's salary
________12.factory utilities
________13.indirect materials
________14.officer salaries
________15.sales commissions

Correct Answer:

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1.I 2.P 3.I 4.I 5.I ...

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