Cost Management MCQ set 3

81. In process costing, costs followA. Price riseB. Product flowC. Price declinesD. Finished goods AnswerB. Product flow 82. When average costing is used, the opening inventory costs areA. Kept separate from the costs for the new periodB. Added to the costs of the new periodC. Subtracted from the new costsD. Averaged with other costs to…

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