Question: In my accounting class, we were given this exercise. I tried it on my own, but I am unsure of the answers I got. Can
In my accounting class, we were given this exercise. I tried it on my own, but I am unsure of the answers I got. Can someone explain it?

Classify the following costs as either product {inventoriable} costs or period {non-inventoriable) costs in a manufacturing company: 1. Depreciation on salespeople's cars. . Rent on equipment used in the factory. . Lubricants used for maintenance of factory equipment. . Salaries of nished goods warehouse personnel. Soap and paper towels used by factory workers. Sales supervisors' salaries. . Property taxes on the factory building. . Materials used in boxing units of nished product for shipment overseas. (Units are not normally boxed.) occupynoon . Advertising outlays. 10. Workers' compensation insurance on factory employees. 11. Depreciation on chairs and tables in the administrative boardroom. 12. Salary of the production quality supervisor for the company. 13. Depreciation on a Learjet used by the company's executives. 14. Rent on rooms at a Florida resort for a manufacturing conference. 15. Attractivelv designed box for packaging breakfast cereal
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
