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What are the two basic product costing systems

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Reference no: EM132910100

Question - Answer the following questions:

1. Differentiate Manufacturing Operations from Service Operations.

2. Differentiate Manufacturing Operations from Merchandising Operations.

3. What are the two basic product costing systems? Describe each.

4. What are the inventories maintained in a manufacturing operations? Define each.

5. Present the Income Statement Format of a Manufacturing Business.

Reference no: EM132910100

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