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Unformatted text preview: the cost of production, and determine the cost of materials and labor. I would also be able to compare the cost of goods to the revenue expected from sales to determine if changes need to be made. The balance sheet would show me our inventory of raw materials, works still in process, and finished goods. The information on the balance sheet would show me the company’s current assets and inventory that is expected to be turned into cash from future sales. I would be able to use this information to determine whether or not there are enough raw material, finished goods, and work in process to meet expected demands....
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This note was uploaded on 03/27/2012 for the course BUSINESS acc220 taught by Professor ? during the Spring '12 term at University of Phoenix.
- Spring '12