Which of the following activities in the value chain obtains raw material and semi-finished goods needed for the production process of an operations activity?

Which financial statements are required for a private purpose trust fund?

A. Statement of net position and statement of revenues, expenses and changes in net position. B. Statement of net position, statement of revenues, expenses, and changes in retained earnings, and statement of cash flows. C. Statement of net position and statement of changes in net position. D. Statement of net position, statement of changes in net position, and statement of cash flows.

If beginning inventory in Work in Process is zero and 2,000 units are started during the period, assuming that 1,700 units were completed and transferred out, how many units remain in ending inventory?

A. 2,000 units. B. 285 units. C. 300 units. D. 1,700 units.