Response to the following questions:
1. How are both beginning and ending goods in process inventories reported on a manufacturing statement?
2. Describe the managerial accountant's role in business planning, control, and decision making.
3. Distinguish between managerial and financial accounting on
a. Users and decision makers.
b. Purpose of information.
c. Flexibility of practice.
d. Time dimension.
e. Focus of information.
f. Nature of information
4. Identify the usual changes that a company must make when it adopts a customer orientation.