Please Explain How You Got The Answer.

Please Explain How You Got The Answer.

7. A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: A. Cost of goods sold. B. Cost of goods purchased. C. Cost of goods available. D. Beginning merchandise inventory. E. Ending merchandise inventory. 8. A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold for this company is: A. $21,200. B. $29,300. C. $32,500. D. $47,100. E. $27,600. 9. A manufacturing statement is also known as a schedule or listing of the: A. Raw materials processed. B. Factory supplies used. C. Cost of goods manufactured. D. Total finished goods. E. Cost of goods sold. 10. A system of accounting for production operations that produces timely information about inventories and manufacturing costs per unit of product is a: A. Finished goods accounting system. B. General accounting system. C. Manufacturing accounting system. D. Cost accounting system. E. Production accounting system