Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. Problem 14-3B Schedule of cost of goods manufactured and income statement P1 P2 I Using the information from Problem 14-2B and the following additional information for Best Bikes, complete the requirements below. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $ 40,375 70,430 12,500 4,942,625 14,100 177,200 141,750

Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. Problem 14-3B Schedule of cost of goods manufactured Using the information from Problem 14-2B and the following additional information for Best Bikes, complete the requirements below. Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. Problem 14-3B Schedule of cost of goods manufactured Using the information from Problem 14-2B and the following additional information for Best Bikes, complete the requirements below