Multiple Choice Indicate the answer choice that best completes the statement or answers the question. 19. A plant manager's salary is a(n) a direct cost and an indirect cost b. direct cost c. indirect cost d. period cost 20. Period costs include a. current assets on the balance sheet b. current liabilities on the balance sheet C. operating costs that are shown on the income statement when products are sold d. operating costs that are shown on the income statement in the period in which they are incurred 21. Goods that are partially completed by a manufacturer are a. merchandise inventory b. work in process inventory c. finished goods inventory d. materials inventory 22. A product cost is a. expensed in the period in which it is manufactured b. shown with current liabilities on the balance sheet c. shown with operating expenses on the income eftement d. expensed in the period the product is sold 23. In a job order cost accounting system, the entry to record the flow of direct materials into production is to a. debit Work in Process, credit Materials b. debit Materials, credit Work in Process c. debit Factory Overhead, credit Materials d. debit Work in Process, credit Supplies 24. The entry to record the flow of direct labor costs into production in a job order cost accounting system is to a dobit Factory Overhead, credit Work in Process b. debit Finished Goods, credit Wages Payable w c. debit Work in Process, credit Wages Payable d. debit Factory Overhead, credit Wages Payable