1. Briefly explain how the job order costing activity would have changed if the following were true: instead of being a manufacturing company, we were a merchandise company and purchased the bracelets from a supplier to sell in our own store at a markup.

2. Briefly explain how this job order costing activity would have changed if the following were true: Instead of using Job-Order Costing, we used Activity-Based Costing.

3. Briefly explain the difference between Total Manufacturing Costs, Cost of Goods Manufactured and Cost of Goods Sold. Create a fact pattern example (incude numbers) to illustrate this difference (you can make up numbers).