One of the most important decisions in accounting for inventory is determining the unit costs assigned to each inventory item.

Name: One of the most important decisions in accounting for inventory is determining the unit costs assigned to each inventory item.
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Determining the unit costs assigned to each inventory item is a crucial aspect of accounting for inventory. This helps in calculating the cost of goods sold and determining the value of inventory on the balance sheet.

One of the Most Important Decisions in Accounting for Inventory