In 2008, the FBI Reported That the Number of Forcible

question 2

Multiple Choice

In 2008, the FBI reported that the number of forcible rapes reported to law enforcement agencies were:

• A)at a twenty year high.
• B)at a twenty year low.
• C)almost exactly the same for the last 20 years.
• D)so high that the data was assumed to be invalid or falsified.

Differentiate between work in process and finished goods inventories based on cost changes.

Identify and classify costs as direct materials, direct labor, or manufacturing overhead.

Understand the concept of cost of goods available for sale and how it's computed for a manufacturing company.

Recognize similarities and differences between financial and managerial accounting.