At the end of last year the broad cost leader chester had an elite product cat. use the inquirer's production analysis to find cat's production cost, (labor materials). exclude possible inventory carrying costs. assume period expenses and overhead total 1/2 of their production cost. what is the minimum price the product could have been sold for to cover the unit cost, period expenses, and overhead cost?

Regarding the flow of costs through the inventory accounts, which of the following statements is incorrect? a. the costs flow from raw materials inventory to work-in-process inventory to finished goods inventory. b. the format for computing the amount used, manufactured, or sold is the same for all three inventory accounts. c. the final amount at each stage is added at the beginning of the next stage. d. purchases of raw material and freight in are debited to the work-in-process inventory account.