Which of the following statements about the evolution of production process and product life cycles is false? A. The process evolution typically begins with a jumbled flow job-shop process and proceeds towards increasing product standardization, process mechanization, and automation. B. Examining the interrelationship between product and process life cycles facilitates the understanding of the strategic operations options available to a company.

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.