171.What are the three types of inventories that are carried by manufacturers? Describe each type of inventory. 172.What is the main difference between the income statement of a manufacturer and...

171.What are the three types of inventories that are carried by manufacturers? Describe each type of inventory.

172.What is the main difference between the income statement of a manufacturer and that of a merchandiser?

173.What does the days' sales in raw materials inventory ratio reveal?

174.What are prime costs? What are conversion costs?

175.What are the components of the schedule of cost of goods manufactured? Describe each component.