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    Fundamental Managerial Accounting Concepts Study Set 1
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    Exam 11: Product Costing in Service and Manufacturing Entities
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    The Reporting Method That Includes in the Cost of Inventory
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The Reporting Method That Includes in the Cost of Inventory

Question 130

Question 130

Multiple Choice

The reporting method that includes in the cost of inventory (and cost of goods sold) all product costs,including both fixed and variable costs,is known as:


A) variable costing.
B) total costing.
C) direct costing.
D) absorption costing.

Correct Answer:

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