Answer the following question

1)identify three types of inventory that are contained on a manufacturers balance sheet

2) Explain how cost of goods sold flows from the finished goods inventory account to the income statement

3) Which business trend to you think is affecting managerial accounting the most in todays businesss and why?

4) Pick an activity in the value chain and describe how it can add value to a product (you may pick a product to use as part of your example).