ABC Company Makes Wooden Furniture

Essay

ABC Company makes wooden furniture. Identify each of the following as either an inventoriable product cost or a period cost. If it is an inventoriable product cost, classify it as direct materials, direct labor, or manufacturing overhead.
A. ________ Insurance on the plant building
B. ________ Cost of shipping the furniture to the customers
C. ________ Assembly line workers' wages
D. ________ Depreciation on plant equipment
E. ________ Salesmen's salaries
F. ________ Cost of various types of wood
G. ________ Insurance on delivery trucks
H. ________ Plant forklift operator's salary