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Absorption costing

SSneha5y ago
Sir in absorption costing we valued the closing inventoey at full cost If there is a scenario where the question gives actual cost per unit and also standard cost per unit allong with actual units do we use standard cost* actual units???
John MoffatJohn MoffatTutor5y ago#1
In management accounts, inventory is always valued at standard cost.
SSneha5y ago#2
Oh alright sir thank you very much
John MoffatJohn MoffatTutor5y ago#3
You are welcome :-)
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