Multiple Choice
Which of the following is true regarding the variable inventory costing method?
A) Current fixed production costs are retained in inventory at the end of the period
B) Current fixed production costs are expensed to the income statement each period
C) Cost of goods sold can be manipulated by the number of units produced
D) It is the inventory costing method required by GAAP
Correct Answer:
Verified
Correct Answer:
Verified
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