Which type of production process is likely used by a paint manufacturer to produce paint?

Multiple Choice

• Batch.

• Continuous Flow.

• Direct assembly.

• Job Shop.

• Assembly.

Which of the following equations is used to calculate cost of goods sold during the period?

Multiple Choice

• Beginning finished goods + cost of goods manufactured ending finished goods.

• Beginning finished goods + ending finished goods cost of goods manufactured.

• Beginning finished goods ending finished goods.

• Beginning finished goods + cost of goods manufactured.

• Beginning finished goods + cost of goods manufactured + ending finished goods.