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Name three inventory accounts for a manufacturing business

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Q1. Name the three inventory accounts for a manufacturing business, and describe what each balance represents at the end of an accounting period.

Q2. What are the three major elements of a product's cost in a manufacturing company. Think of two real-life products and name costs that would go into making each of those products.

Q3. Give the general formula for a mixed cost. What does each term represent? Provide an example of a product or service with a mixed cost.

Reference no: EM132628409

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