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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 6: Inventory Costing and Valuation
  5. Question
    The Total Dollar Value of Inventory on Hand Is Determined
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The Total Dollar Value of Inventory on Hand Is Determined

Question 109

Question 109

True/False

The total dollar value of inventory on hand is determined by: (1) estimating the units on hand, (2) multiplying the count by cost per unit, and (3) adding the costs for all products.

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