Question 16 Not yet answered A Designer Suits Manufacturer ended year 2005 with and inventory on hand of $5,000,000 cost. The manufacturer had produced Suits during 2005 that cost $8,000,000. The cost of Suits sold during 2005 amounted to $12,000,000. The cost of beginning inventory (Beginning of 2005) must have been (all values are in dollars): Points out of 1 P Flag question Select one: a. 9,000,000 b. 5,000,000 c. 12,000,000 d. 17,000,000 Question 17 Which of the following organizations is not involved in issuing accounting standards or has an oversight in the U.S.? Not yet answered Points out of 1 P Flag question Select one: a. American Accounting Association (AAA) b. Financial Accounting Standards Board (FASB) c. International Accounting Standards Board (ASB) d. Securities & Exchange Commission (SEC)