Since a service firm does not carry a large amount of inventory, it is not necessary to know the individual costs related to each individual job.

Name: Since a service firm does not carry a large amount of inventory, it is not necessary to know the individual costs related to each individual job.
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Quizplus · Accepted Answer

Even though a service firm may not carry a large amount of inventory, understanding the costs related to each individual job is crucial for pricing, profitability analysis, and financial management.

Since a Service Firm Does Not Carry a Large Amount