#1 Wh to the "Respond" area. What is the basic flow of information in the inventory purchasing system? #2 What is the difference between merchandising and manufacturing inventory? #3 What if the difference between the periodic and perpetual inventory systems? #4 What is the basic flow of information in the payroll process? #5 What is the difference between salary and wage expense and payroll tax expense? #6 Since the chapter featured a manufacturing company. This example features a merchand compare inventory systems and pricing methods. Assume the follow