2. Which of the following statements about financial accounting is TRUE? a) Financial accounting helps investors make decisions. b) Financial accounting provides help in planning and controlling operations. c) Financial accounting reports can influence employee behavior. d) Financial provides detailed reports on parts of the company. 3. Inventory accounts for a manufacturer include which of the following? a) materials, work in process, and finished goods b) work in process, direct labor, and finished goods c) work in process, materials, and manufacturing overhead d) merchandise, materials, and finished goods 4. Which of the following is an example of direct labor? a) salary of vice president of production c) salary of production manager b) wages of factory security d) wages of assembly line personnel 5. Which of the following equal cost of goods manufactured? a) total manufacturing costs plus ending work in process inventory less beginning work in process inventory b) total manufacturing costs plus ending materials inventory less beginning materials inventory c) total manufacturing costs plus beginning work in process inventory less ending work in process inventory d) cost of goods sold plus beginning work in process inventory less ending work in