How many of the following are correct regarding the budgeted of cost of goods manufactured and the budgeted cost of goods sold? This budget adjusts for the beginning and ending cost of work-in-process inventory to compute the cost of goods manufactured This budget first summarizes the various costs of production from other budget schedules to compute the period's total manufacturing costs This budget computes cost of goods sold by adjusting cost of goods manufactured by the beginning and ending balances in finished goods inventory Multiple Choice 0 0 0 0 How many of the following are correct regarding the budgeted of cost of goods manufactured and the budgeted cost of goods sold? This budget adjusts for the beginning and ending cost of work-in-process inventory to compute the cost of goods manufactured This budget first summarizes the various costs of production from other budget schedules to compute the period's total manufacturing costs This budget computes cost of goods sold by adjusting cost of goods manufactured by the beginning and ending balances in finished goods inventory Multiple Choice 0 0 0 0