Response to the following questions:
1. Besides inventories, what other assets often appear on manufacturers' balance sheets but not on merchandisers' balance sheets?
2. What are the three categories of manufacturing costs?
3. List several examples of factory overhead.
4. List the four components of a manufacturing statement and provide specific examples of each for Apple.
5. Prepare a proper title for the annual "manufacturing statement" of Palm. Does the date match the balance sheet or income statement? Why?