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Question 4 2 pts The Collective Soul Company began operations this year. The company produced 50,000 units and sold 40,000 units during the year. The ending Work in Process for the year was zero. The total cost associated with the Finished Goods Warehouse was $100,000. The manager of the company gets a bonus based on the income for the company. The manager would likely want the $100,000 to be treated as a o product cost o period expense Question 5 2 pts Refer to question 4. Compute the difference in income based on the 2 ways that the company can treat the warehouse cost (either as a product cost or as a period expense). 0 $80,000 0 $0 0 $40,000 0 $10,000 0 $50,000 $20,000 0 $100,000 Question 6 2 pts Refer to questions 4 and 5. How should the $100,000 be treated (product or period)? Also, if the manager wanted the accountant to treat it differently than accounting principles dictate, should this create an ethical problem for the accountant? o period expense and yes o product cost and no O product cost and yes O period expense and no Question 1 2 pts 1. Our company uses process costing. For direct materials, the cost per equivalent unit for May using FIFO costing was $8 and the cost per equivalent unit using average costing was $9. The cost per equivalent unit using FIFO in APRIL was: O higher than $8 O lower than $8 O equal to $8

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