190. _____________________ inventory consists of goods a company acquires to use in making products.
191. ____________________ inventory consists of products in the process of being manufactured but not yet complete.
192. ____________________ inventory consists of completed products ready for sale by a manufacturer.
193. One of the main differences between the calculation of cost of goods sold for a merchandiser and that of a manufacturer is that the calculation includes cost of goods purchased for the merchandiser, but the manufacturer replaces that with _____________________________.
194. Raw materials used divided by average raw materials inventory is the ____________________.
195. Ending raw materials inventory divided by raw materials used multiplied by 365 is the _________________________.
196. Expenditures incurred in the process of converting raw materials to finished goods, that include direct labor and factory overhead are known as _________________________.
197. Expenditures directly associated with the manufacture of finished goods that include direct materials and direct labor are _____________________ costs.
198. The manufacturing statement is also known as ____________________________.