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Author Question: Under GAAP, only ________ can be assigned to inventories in the financial statements. (Read 55 times)

vHAUNG6011

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on: Mar 6, 2021

Question 1

Under GAAP, for the purposes of calculating inventory costs, product costs include ________.
◦ all costs incurred along the value chain
◦ design costs
◦ only inventoriable costs
◦ only research and development costs

Question 2

Under GAAP, only ________ can be assigned to inventories in the financial statements.
◦ manufacturing costs
◦ period costs
◦ cost of goods sold
◦ historical costs
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by vHAUNG6011 on Mar 6, 2021

leannegxo

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vHAUNG6011

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

cpetit11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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