Asked by Jessica Hegyi on Apr 24, 2024
Which of the following costs are not included in finished goods inventory?
A) direct labor
B) factory overhead
C) chief financial officer's salary
D) direct materials
Finished Goods Inventory
The total value of manufactured products that are completed and ready for sale.
Chief Financial Officer's Salary
Compensation paid to the Chief Financial Officer (CFO) of a company, responsible for managing the company's financial operations and strategy.
- Identify the classification of expenses into period or product costs and understand their effects on financial statements.
Learning Objectives
- Identify the classification of expenses into period or product costs and understand their effects on financial statements.