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Click to edit Master subtitle style Manufacturing Inventories Accountancy 301 Professor Clifton Brown 19 November 1, 2010
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Information within  Relevance of accounting information  within organizations is to facilitate  organizational contracting & decision- making Control risks that arise  from structuring the  organization (agency  costs) Achieve effective and  efficient production of  goods and services
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Manufacturing companies Critical to the success of manufacturing  companies is the ability to control their  transformation of materials into products A key to such control is relating costs of production to the activities  that cause such costs The driving force behind most production costs are transactions and  activities that occur in and between the company’s production  processes
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Ethanol production Raw  Materials  Inventor y Work-in- process  Inventor y Finished  Goods  Inventor y
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