Reference no: EM132623516

Problem 1: You are a general manager of Klockner Steel. A section of your facility stores a new batch of processed steel intended for delivery to customers. Where would the cost of that newly processed steel show up on the financial statements? Choose all that apply.

Option 1: The balance sheet account payable line

Option 2: The Cash Flow Statement change in inventory line

Option 3: The balance sheet inventory line

Option 4: The Cash Flow Statement change in accounts receivable line

Option 5: The income statement cost of goods sold (COGS) line

Option 6: The income statement SG&A line