15) Romeo Corporation has accumulated the following accounting data for the year: Finished goods inventory, January 1 Finished goods inventory, December 31 $ 3,200 4,000 14,20 Total cost of goods sold The cost of goods manufactured for the year is: A) $11,000. B) $15,000. C) $21,400. D) $17,400. E) $10,200. Jou order production systems would be appropriate for companies that produce training films for a specie customer or custom-made furniture to be used in a new five-star resort hotel A) True B) False 17) An approach to managing inventories and production operations such that units of materials and products are obtained and provided only as they are needed is called: A) Just-in-time manufacturing. B) Theory of constraints. C) Customer orientation. D) Continuous improvement. E) Total quality management 18) There are two basic types of cost accounting systems: job order costing and pro A) True B) False