Question: please be specific and answer all questions Answer whatever question you can , be specific Based on Chapter 5, Process Costing, answer the following questions:

please be specific and answer all questions
please be specific and answer all questions Answer whatever question you can
Answer whatever question you can , be specific
, be specific Based on Chapter 5, Process Costing, answer the following

Based on Chapter 5, Process Costing, answer the following questions: Your answers must be specific and use accounting analysis, concepts, and/or terminology. 1. How would inflating the estimate of the percentage completion of ending Work-in Process (WIP) Inventory help a manager (who works in a lumber company) get a bonus that is based on division profit (HINT: Think about unit costs, Finished Inventory, and Cost of Goods Sold)? 2. If the percentage of completion of a year's ending WIP Inventory is not corrected, how will the misstatement affect the financial statements? 3. Is there any effect on next year's financial statements? 4. Is this an ethical issue in your view? Or is it irrelevant because no one is really hurt? following questions: Your answers must be specific and use accounting analysis, concepts, and/or terminology. 1. How would inflating the estimate of the percentage completion of ending Work-in Process (WIP) Inventory help a manager (who works in a lumber company) get a bonus that is based on division profit (HINT: Think about unit costs, Finished Inventory, and Cost of Goods Sold)? 2. If the percentage of completion of a year's ending WIP Inventory is not corrected, how will the misstatement affect the financial statements? 3. Is there any effect on next year's financial statements

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