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  3. Study Set
    Management Accounting Study Set 3
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    Exam 2: Cost Concepts, Behaviour and Estimation
  5. Question
    The Inventory of Finished Goods on Hand at the End
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The Inventory of Finished Goods on Hand at the End

Question 58

Question 58

True/False

The inventory of finished goods on hand at the end of a period would be considered an asset, but inventories of raw materials and work-in-process would not be considered assets until production is completed

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