Which of the following items does not represent a difference between financial and managerial accounting? Mult ole Choice 0 ) Users of the information 0 Flexibility of reporting 0 Timeliness of information 0 Focus of 0 Managerial accounting does not use the financial information from the financial accounting system The schedule of cost of goods manufactured is divided into four parts consisting of all of the following except Multiple Choice O Direct materials Computation of cost of goods sold. Overhead. Computation of cost of goods manufactured Direct labor A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: Multiple Choice Cost of goods sold. Cost of goods purchased Cost of goods available. Beginning merchandise inventory. Ending merchandise inventory. Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory, April 1 Finished goods inventory, April 30 Total cost of goods manufactured $ 33, 100 27,000 125, 600 The cost of goods sold for the year is: 0 0 0 $65,500. 0 $131700 0 $158.700 The following information is available for the year ended December 31: Beginning raw materials inventory Raw materials purchases Ending raw materials inventory office supplies expense $3,400 4,900 3,900 1,900 The amount of raw materials used in production for the year is: Multiple Choice $5,000 O O $4.900 $4,900 O O $8.300 O $6900 0 $4.400 Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in process, January 1 work in Process, December 31 Total Factory overhead Direct materials used Direct labor used $54,000 39,000 7,500 14, 500 28, 500 Multiple Choice o o o o of Using the information below. calculate gross profit for the period. Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,364,000 245,000 36,600 41,600 570,000 Multiple Choice O $804,000 O $799,000 O $560.000 0 $565.000 O $470,800