Management accountants might initially have developed costing systems primarily or entirely to estimate the cost of inventory for ________ purposes.
A)management
B)forecasting
C)financial reporting
D)internal reporting

Question

Quizplus · Accepted Answer

Costing systems were developed to estimate the cost of inventory for financial reporting purposes, such as determining the cost of goods sold and valuing inventory on the balance sheet.

Management Accountants Might Initially Have Developed Costing Systems Primarily or Entirely