Use the Information Below for the Year Ended December 31,2014,to

question 96

Essay

Use the information below for the year ended December 31,2014,to prepare the statement of cost of goods manufactured.

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Definitions:

Crowding In

The potential for government spending to stimulate private investment in an otherwise dead economy.

Private Investment

Expenditure on capital by private sector firms or individuals, not including governmental spending.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

Government Borrowing

The process by which a government obtains funds from the private sector or other countries, typically through issuing securities.