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Lettucebereal Lettucebereal
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A year ago
Answer the following questions regarding costing systems.

a.What is the difference between a normal costing system and a standard costing
system?
b.What adjustments are required at the end of each period for each?
c.What is an advantage of standard costing?
d.Are inventory and cost of goods sold accounts reported on financial statements at
actual cost or standard cost?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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elbrundoelbrundo
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A year ago
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