1. The inventory accounts that show the cost of completed goods on hand and the costs applicable to production that is only partially completed are, respectively
a) Work in Process Inventory and Raw Materials Inventory.
b) Finished Goods Inventory and Raw Materials Inventory.
c) Finished Goods Inventory and Work in Process Inventory.
d) Raw Materials Inventory and Work in Process Inventory.
2. Cost accounting involves the following activities pertaining to product costs:
measuring.
recording.
reporting.
all of the above.