The role of financial accounting information is to facilitate economic transactions and to foster efficient allocation of resources among businesses and individuals.

In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the "Total raw materials available" is computed by adding together the "Beginning raw materials inventory" and:

A) Ending raw materials inventory
B) Raw materials used in production
C) Purchases of raw materials
D) Indirect materials included in manufacturing overhead

Accounting for long-term investments in equity securities with controlling influence uses the:

A) Controlling method.
B) Consolidation method.
C) Investor method.
D) Investment method.
E) Trading method.