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Thus, the cost of goods available for sale is split between ending inventory and the cost of goods sold. Since selling and administrative expenses are usually recognized when they are incurred, they are sometimes called ______ costs. Study with quizlet and memorize flashcards containing terms like recording cost of goods sold affects, cost of goods available for sale is. Business.
The Cost Of Goods Available For Sale Is The Cost Of Beginning Finished Goods Inventory, Plus The Cost Of Finished Goods Produced During.
The cost of goods available for sale is divided by the total number of units available for sale, resulting in a weighted average unit. Thus, the cost of goods available for sale is split between ending inventory and the cost of goods sold. Since selling and administrative expenses are usually recognized when they are incurred, they are sometimes called ______ costs. Accurate allocation affects financial statements and inventory.
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