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1. How do an income statement and a balance sheet for a manufacturing company and...

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Accounting

1. How do an income statement and a balance sheet for a manufacturing company and a merchandise company differ?

2. Why does a manufacturing company require three different inventory categories?

3. What are the three categories of manufacturing costs? Please explain all three one by one.

4. List several examples of factory overhead and explain why they are classified as factory overhead.

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