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  3. a standard costing system will produce the same in

A standard costing system will produce the same income as an actual costing system when...

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Accounting

A standard costing system will produce the same income as an actual costing system when end-of-period standard cost variances are assigned:

Options:

Entirely to cost of goods sold.

To cost of goods sold and all inventory accounts.

Only to work-in-process (WIP) inventory.

Only to finished goods inventory.

To work-in-process and finished goods inventories.

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