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E. Choose the one alternative that best completes the statement or answers the question 1) Which of the following is an example of direct labor cost in a factory? 1) A) wages of factory security guard O) salary of vice president of production B) salary of production manager D) wages of assembly line personnel 2) Which of the following is an example of a period cost for a manufacturing company? A) advertising expense C) property taxes for the factory B) indirect materials D) depreciation on factory equipment 3) Jasper Inc. reports the following cost information for March 3) Cost of Goods Manufactured Manufacturing Overhead Finished Goods Inventory, March 1 Finished Goods Inventory, March 31 Work-in-Process Inventory, March 1 Work-in-Process Inventory, March 31 Direct Materials Used 18,250 4,500 2,650 9,670 1,250 25,300 What is the cost of goods sold for March? D) $83,420 C) $76,850 A) $73,150 B) $82,150 4 4) Fireox Inc. selected cost data for 2015 are shown below: $145,200 18,500 22,500 15,800 Cost of Goods Manufactured Work-in-Process Inventory, Jan. 1, 2015 Work-in-Process Inventory, Dec. 31, 2015 Direct Materials Used What is the total of manufacturing costs incurred by Fireox Inc. in 2015? B) SI 17,100 D) $158,300 C) $139,800 A) $149,200 5) 5) Product costs are expensed . A) when the market value of products goes above the recorded value B) when the accounting period they are incurred in comes to an end C) when the products are transferred to Work-in-Process Inventory account D) when the products are consumed or sold