E. Identify which of the following costs of a product manufacturer would be included in inventories: • Salaries of assembly line workers Raw materials • Salary of factory foreman • Heating cost for the factory • Miscellaneous supplies used in production process • Salary of the CEO • Costs to ship raw materials from the supplier to the factory • Electricity cost for the factory • Salaries of the sales team • Depreciation of factory machines • Property taxes on factory building • Discounts for early payment of raw material purchases • Salaries of the factory's janitorial staff

E. Identify which of the following costs of a product manufacturer would be included in inventories: • Salaries of assembly line workers Raw materials • Salary of factory foreman • Heating cost for the factory • Miscellaneous supplies used in production process • Salary of the CEO • Costs to ship raw materials from the supplier to the factory • Electricity cost for the factory • Salaries of the sales team • Depreciation of factory machines • Property taxes on factory building • Discounts for early payment of raw material purchases • Salaries of the factory's janitorial staff

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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