All of the following organizations are likely part of the institutional market EXCEPT ________

Cost of goods available for sale is computed by adding

A. beginning inventory to net purchases B. beginning inventory to the cost of goods purchased C. net purchases and freight-in D. purchases to beginning inventory

Companies that manufacture identical items through a series of uniform production steps use ________ to determine cost per unit sold

A) a process costing system B) a job order costing system C) the weighted-average method D) the first-in, first-out method