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The cost of goods purchased during a period The cost of goods purchased dur

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The cost of goods purchased during a period 1. Accounting for inventories is important because inventories affect the ______________ section of the statement of financial position and the ______________ section on the income statement. 2. In a manufacturing company, goods that are ready to be sold to customers are referred to as ________________, whereas in a merchandising company they are generally referred to as _______________. 3. The cost of goods purchased during a period plus the beginning inventory is the amount of goods ________________ during the period. 4. Inventory costs are allocated to ______________ and cost of goods ____________. 5. It is generally recognized that a major objective of accounting for inventory is the proper determination of ______________. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

The cost of goods purchased during a period The cost of goods purchased dur

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