In a Data Flow Diagram That Depicts a Company's Internal

question 88

Multiple Choice

In a data flow diagram that depicts a company's internal controls,where is each internal control typically explained in detail?

• A)in an annotation on the same page as the internal control
• B)inside the symbol used to represent the internal control
• C)on a table that accompanies the internal control data flow diagram
• D)Internal controls are not typically explained in detail in an internal control data flow diagram.

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Definitions:

Finished Goods Inventory

Finished goods inventory refers to the stock of completed products ready for sale at the end of an accounting period.

Cost of Goods Manufactured

The total production cost of goods that are completed during a specific period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.

Schedule of Cost of Goods Manufactured

A detailed report showing the total production costs incurred to produce goods in a specific accounting period.