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Unformatted text preview: A Identifying fixed cost and variable cost. b. Identifying cost of goods sold and operating costs. c. Identifying all costs. d. Identifying costs in a physical manner. e . Identifying both quantitative and qualitative cost factors. Difficulty: Easy Learning Objective: C3 Wild - Chapter 18 #71 4. Products that are in the process of being manufactured but are not yet complete are called: a. Raw materials inventory. b. Conversion costs. c. Cost of goods sold. D Goods in process inventory. e . Finished goods inventory. Difficulty: Easy Learning Objective: C5 Wild - Chapter 18 #89 2 5. Information for Gifford, Inc., as of December 31 follows: Prepare a manufacturing statement for the year ended December 31. 3 Difficulty: Medium Learning Objective: P2 Wild - Chapter 18 #149 Category # of Questions Difficulty: Easy 4 Difficulty: Medium 1 Learning Objective: C1 1 Learning Objective: C3 2 Learning Objective: C5 1 Learning Objective: P2 1 Wild - Chapter 18 5...
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