Inventory costing system differ for different organizations. All organization adopt two basic costing system. Consider...
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Inventory costing system differ for different organizations. All organization adopt two basic costing system. Consider two organization one with cement manufacturer while the other. one is a accounting firm. Keeping in mind the concepts of costing system answer the following questions: Identify the type of costing system for both firms separately. In order to find the product cost is similar in every costing system because it is the combination of direct material direct labor and FOH. what will be the difference in product costing for using different costing system.
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