Define �cost� as applied to the valuation of inventories.

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26-03-2017
Business

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Define �cost� as applied to the valuation of inventories.

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leslierosa2000 leslierosa2000 · Answer 1 · 2017-03-26T09:27:24+02:00

leslierosa2000 leslierosa2000

26-03-2017

Cost is the primary basis for accounting for inventories. Sum of the expenses and charges incurred in bringing an item to it's existing condition and location.

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