This work of ACC 227 Week 1 Appendix B Cost Accounting Fundamentals consists of:

1. What are the six business functions of the value chain? List and give a short description of each.2. What are the differences among manufacturing-, merchandising-, and service-sector companies?3. List and describe the three types of inventory that companies have. Identify which type is held by which sector (i.e. manufacturing, merchandising, or service sectors).

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