Abstract
The accounting library contains many calculations of product cost. Financial reporting requires an end-of-period accounting valuation of inventory. The accounting library also records movements of goods from one location to another within the organization. A manufacturing organization might be arranged into manufacturing and marketing divisions. The goods are transferred to various warehouses in the marketing division, once manufacturing is complete. Accounting records will show the historical cost of these transferred goods.
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© 1997 Kluwer Academic Publishers
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Demski, J.S. (1997). Product Costing. In: Managerial Uses of Accounting Information. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-3641-9_5
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DOI: https://doi.org/10.1007/978-1-4613-3641-9_5
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-7923-9847-9
Online ISBN: 978-1-4613-3641-9
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