Help Save & E During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling and administrative expenses totaled $8.000 The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. What is Silverman's cost of goods sold for the year? Help Sav Select the incorrect statement regarding costs and expenses. Multiple Choice Manufacturing-related costs are initially recorded as expenses. Non-manufacturing costs should be expensed in the period in which they are incurred. Some costs are initially recorded as expenses while others are initially recorded as assets. Expenses are incurred when assets are used to generate revenue. Minyt Savod Which of the following types of labor costs will never flow through the inventory account? 8 00:43 10 Multiple Choice Sales commissions Assembly labor Material handling Plant supervision of Next Which of the following is a product cost for a construction company? 12 Multiple Choice 8 00:42 14 Rent of the company's main office All of these Cost of transporting raw materials to the job site Wages paid to the company's payroll clerk