Which of the Following Is/are Not True Regarding a Manufacturing

Multiple Choice

Which of the following is/are not true regarding a manufacturing firm?

A) A manufacturing firm incurs costs as it produces goods by changing the physical form of raw materials.
B) The product costs for a manufacturing firm are the costs incurred in manufacturing goods for sale.
C) The costs to produce finished goods inventory for a manufacturing firm do not become expenses until the firm sells the product.
D) Prior to sale, the production costs of a a manufacturing firm represent the transformation of assets from one form into another.
E) Product costs for a manufacturing firm are treated as period costs during the period that the inventory is finished and ready for sale.