Question: Wheels Inc manufactures wheels for bicycles tricycles and scooters For
Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a product cost or a period cost. If the cost is a product cost, further determine if the cost is direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and then determine if the product cost is a prime cost, conversion cost, or both. If the cost is a period cost, further deter-mine if the cost is a selling expense or administrative expense (Admin). Cost (a) is answered as aguide.
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