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why is opening inventory of finished goods from previous year added to deductables to the budgeted statment of this year as opposed to being credited.
found this question in C01 – Kaplan- Q12- poage 336 for reference
They are sold this year, and therefore are a cost of this years sales. (The cost this year is the opening inventory plus purchases less closing inventories)
Have you watched my free lectures on budgeting? The lectures are a complete free course and cover everything needed to be able to pass the exam well.
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